Quality Power Reports No Q4 FY26 IPO Fund Deviation

Quality Power Electrical Equipments confirms no deviation in IPO fund utilization for Q4 FY26 per SEBI LODR Regulation 32.
The company raised ₹858.70 crore through its IPO on February 20, 2025, with utilization monitored by Brickwork Ratings.
Audit Committee reviewed and approved the statement of no deviation, which is available on the company's website.
A board resolution on May 14, 2026, commits to fully utilizing unspent IPO funds within the next two quarters.