Quality Power: No IPO Fund Use Deviation in Q2 FY27

Quality Power Electrical Equipments Ltd has filed its statement of deviation or variation under SEBI regulations for the quarter ended September 30, 2026. The company confirms there has been no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds during this period. The Audit Committee has reviewed and noted this, with the statement also available on the company's website. While some deployment of funds for acquisition and strategic initiatives has been delayed compared to the prospectus timeline, the company has passed a board resolution to ensure full utilization within the next two quarters.