Quality Power: No Deviation in IPO Proceeds Utilization

Quality Power Electrical Equipments Ltd confirms no deviation or variation in the utilization of IPO proceeds for the quarter ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and noted the same. The company raised ₹858.696 Crore through a public issue on February 20, 2025. While some fund deployment was delayed, the unutilized portion of the IPO will be fully utilized within the next two quarters, according to a board resolution passed on May 14, 2026.