The QIP was conducted on August 8, 2020, and the total amount raised was ₹18,750 million. After deducting expenses paid/provided in relation to the QIP amounting to ₹459.68 million, the net proceeds available were ₹18,290.32 million.
The statement of nil deviation or variation for the quarter ended June 30, 2026, was reviewed by the Company's Audit Committee and noted by its Board of Directors at their respective meetings held on August 10, 2026.
As of the monitoring quarter end (June 30, 2026), the amount of funds utilized was ₹8,216.43 million. The stated object for which the funds were raised was for general corporate purposes, including funding the company's business activities, meeting working capital requirements, and other general purposes, providing the Board with flexibility in deploying the net proceeds.
The pending utilization of the net proceeds is intended to be invested in money market instruments, deposits, and other corporate securities in accordance with the investment policy approved by the Board and applicable laws. No change in the object of the fund raising or the amount utilized against the originally disclosed allocation was reported.
Financial impact: The disclosure is a statement of compliance; no new financial impact is quantified as the filing confirms adherence to the originally stated plan.