Regulatory7 Aug 2026, 06:50 pm
Hitachi Energy India: No QIP Fund Use Deviation in Q1 FY27
AI Summary
Hitachi Energy India Limited has filed a statement of deviation or variation in the use of proceeds raised through Qualified Institutional Placement (QIP). For the quarter ended June 30, 2026, the company confirms no deviation or variation from the stated objects in the Placement Document dated March 13, 2025. The total QIP raised was ₹2520.82 Crores (Gross) and ₹2,476.29 Crores (Net). During the quarter, ₹634.63 Crores were utilized towards funding capital expenditure requirements, specifically for capacity increase, equipment addition, and civil works. No funds were utilized for working capital or general corporate purposes during this period.
Key Highlights
- No deviation reported in QIP fund utilization for Q1 FY27.
- ₹634.63 Crores utilized for capital expenditure during the quarter.
- QIP proceeds were raised on March 13, 2025, for ₹2520.82 Crores.
- Audit Committee reviewed and confirmed no deviation.
- Funds utilized for capacity expansion and equipment upgrades.
Price Impact
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