Quarterly Updates11 Nov 2026, 04:41 pm
Kaynes Technology: No Deviation in Fund Utilization for Q3 FY27
AI Summary
Kaynes Technology India Ltd has filed its Statement of Deviation and Variation for the quarter ended September 30, 2026. The company confirms that there were no deviations or variations in the utilization of proceeds from its Qualified Institutional Placements (QIP) made on December 21, 2023, and June 24, 2025. The statement, reviewed by the Audit Committee and Board of Directors, covers funds raised for purposes including the establishment of OSAT and PCB facilities, general corporate purposes, repayment of indebtedness, working capital, and inorganic growth opportunities. The company has maintained its original allocation and utilization plans for all stated objectives.
Key Highlights
- No deviation reported in fund utilization for Q3 FY27.
- Covers proceeds from QIPs dated Dec 21, 2023, and June 24, 2025.
- Fund utilization aligned with original objects like OSAT, PCB, and working capital.
- Statement reviewed by Audit Committee and Board of Directors.
- Information available on the company's website.
Price Impact
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