Corporate Governance12 Nov 2026, 10:20 pm
Laser Power & Infra: No IPO Fund Use Deviation in Q2 FY27
AI Summary
Laser Power & Infra Ltd has confirmed no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended September 30, 2026. The company raised ₹5,420.00 million through its IPO, with funds allotted on July 14, 2026. The confirmation is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL Ratings Limited is the applicable monitoring agency. The company stated that there was no deviation from the original objects for which funds were raised, and no modifications were necessary.
Key Highlights
- No deviation in IPO fund utilization for Q2 FY27.
- IPO proceeds of ₹5,420 million raised on July 14, 2026.
- Confirmation filed as per SEBI LODR Regulations.
- CRISIL Ratings is the monitoring agency.
- No changes to original fund utilization objects.
Price Impact
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