The company completed its QIP on June 25, 2026, issuing 12,58,918 equity shares of face value ₹5 each at an issue price of ₹1,985.83 per share (including a share premium of ₹1,980.83 per share). The total amount raised was ₹24,999.97 lakhs (₹24,999.97 crores). The issuance was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
For the quarter ended June 30, 2026, the company reports no deviation or variation in the utilization of the raised funds. Crisil Ratings Limited has been appointed as the monitoring agency for the fund utilization.
The original objects for the fund utilization and their allocated amounts were:
- Financing the project cost for establishment of refrigerant gas plant for manufacturing of Proposed HFC-32 Plant: ₹22,537.97 crores allocated, no utilization reported for the quarter.
- General corporate purposes: ₹1,029.04 crores allocated, no utilization reported for the quarter.
The Audit Committee has no comments on the utilization, and there are no auditor comments. The statement was digitally signed by Vinod Kumar Srinivasan, Company Secretary & Compliance Officer, on July 26, 2026. The company has also submitted the statement in XBRL mode alongside its financial statements.