Corporate Governance23 Oct 2026, 04:50 pm
CG Power: Monitoring Agency Report for QIP Proceeds (Sept 2026)
AI Summary
CG Power and Industrial Solutions Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CARE Ratings Limited, confirms the utilization of proceeds from its Qualified Institutions Placement (QIP) of ₹3000 crore. The company has used the funds appropriately for the stated objects, including setting up a power transformer plant, with no deviation from the original plan. The report is in compliance with SEBI regulations.
Key Highlights
- Monitoring Agency Report for QIP proceeds submitted for Sept 2026 quarter.
- No deviation in utilization of ₹3000 crore QIP funds.
- Funds used for setting up power transformer plant.
- Report issued by CARE Ratings Limited.
- Compliance with SEBI regulations confirmed.
Price Impact
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