Hi-Tech Pipes Q2 2026: No Deviation in QIP Fund Utilization

Hi-Tech Pipes Limited has filed its Statement of Deviation or Variation for the quarter ended June 30, 2026, concerning funds raised through a Qualified Institutional Placement (QIP). The company reported that there was no deviation or variation in the utilization of the QIP proceeds. The total amount raised was ₹50,079 Lakhs, with a total utilization of ₹42,929 Lakhs for the quarter. The funds were allocated towards capital expenditure for manufacturing unit expansion, repayment of outstanding borrowings, and general corporate purposes, with no significant discrepancies noted against the original allocations.