Regulatory13 May 2026, 07:11 pm
Kaynes Tech: No Deviation in Funds Utilisation for FY26
AI Summary
Kaynes Technology India Ltd confirms no deviations or variations in the utilisation of proceeds from Qualified Institutional Placements (QIP) as of March 31, 2026. This declaration pertains to QIPs issued on December 21, 2023, and June 24, 2025, monitored by ICRA Limited and CRISIL Ratings Limited, respectively. A detailed deviation report, reviewed by the Audit Committee and Board of Directors on May 13, 2026, is available on the company's website.
Key Highlights
- Kaynes Tech reports no deviations in fund utilisation for QIPs ending March 31, 2026.
- QIPs issued in Dec 2023 and June 2025 were monitored by ICRA and CRISIL, respectively.
- Audit Committee and Board reviewed the deviation report on May 13, 2026.
- ₹13,740 million net amount transferred to Monitoring Agency Account from the Public Issue Account.
Price Impact
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