PG Electroplast: QIP Proceeds Utilisation Report for Q2 FY27

PG Electroplast Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, issued by CRISIL Ratings Limited, confirms that the utilization of funds raised through the QIP is in line with the disclosed objects. The company had raised ₹1,500.00 crore (Net proceeds: ₹1,477.56 crore) through this QIP, which was open from December 04, 2024, to December 09, 2024. The monitoring agency found no deviation from the stated objects of the issue.