Quarterly Updates30 May 2026, 07:04 pm
Hi-Tech Pipes: No Deviation in Fund Utilization for Q4 FY26
AI Summary
Hi-Tech Pipes Ltd reported no deviation or variation in the utilization of funds raised through QIP for the quarter ended March 31, 2026. A monitoring agency, CRISIL Ratings Limited, was applicable for monitoring the fund utilization. The funds were allocated for capital expenditure, repayment of borrowings, and general corporate purposes. The audit committee and auditors have provided no comments regarding deviations.
Key Highlights
- Hi-Tech Pipes reports no deviation in fund utilization for Q4 FY26.
- CRISIL Ratings Limited acted as the monitoring agency.
- Funds allocated for capital expenditure, debt repayment, and corporate purposes.
- Audit committee and auditors reported no comments on deviations.
Price Impact
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