Quarterly Updates6 May 2026, 05:01 pm
CG Power: Monitoring Agency Report for Quarter Ended March 2026
AI Summary
CG Power and Industrial Solutions Ltd has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from a Qualified Institutions Placement (QIP) issue of ₹3000 crore. The report indicates no deviations from the stated objectives of the issue, as per Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- CARE Ratings Limited issued a Monitoring Agency Report for CG Power's QIP issue.
- The report covers the quarter ended March 31, 2026.
- No deviations were noted in the utilization of issue proceeds.
- The QIP issue size was ₹3000 crore.
- Report confirms compliance with SEBI regulations regarding issue proceeds.
Price Impact
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