Regulatory7 Aug 2026, 08:40 pm
Kaynes Technology: No Deviation in Fund Utilization for Q1 FY27
AI Summary
Kaynes Technology India Ltd has filed a statement confirming no deviations or variations in the utilization of funds raised through Qualified Institutional Placements (QIP) during the quarter ended June 30, 2026. The company raised funds via QIPs on December 21, 2023, and June 24, 2025. The utilization reports were reviewed by the Audit Committee and the Board of Directors. Funds were allocated towards establishing OSAT and PCB facilities, and for general corporate purposes. Unutilized funds have been placed as fixed deposits with scheduled commercial banks.
Key Highlights
- No deviation reported in QIP fund utilization for Q1 FY27.
- Funds raised were for OSAT, PCB facilities, and general corporate purposes.
- Unutilized funds are held as fixed deposits in banks.
- The statement was reviewed by the Audit Committee and Board of Directors.
Price Impact
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