Ratnaveer Precision Engineering: QIP Proceeds Utilization Report Filed

Ratnaveer Precision Engineering Ltd has filed its Monitoring Agency Report for the quarter ended June 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 is in line with the objects stated in the Offer Document. There were no deviations from the planned use of proceeds, and no shareholder approval was required for material deviations. The QIP, which raised ₹1,855.00 million (net proceeds of ₹1,823.11 million), was completed on December 04, 2025. The company has also stated that the means of finance for the disclosed objects have not changed.