Regulatory15 May 2026, 08:21 pm
Ratnaveer QIP Fund Utilization Report for March 2026
AI Summary
Ratnaveer Precision Engineering Ltd submitted a Monitoring Agency Report by Crisil Ratings Limited, regarding the utilization of funds raised through Qualified Institutional Placement (QIP) for the quarter ended March 31, 2026. The report, dated May 15, 2026, confirms no deviations from the stated objectives of the QIP. The QIP issue size was ₹1,855.00 million, with net proceeds of ₹1,823.11 million. Crisil Ratings confirms no conflict of interest in monitoring the fund utilization.
Key Highlights
- Ratnaveer reports no deviation in QIP fund utilization for Q1 2026.
- Crisil Ratings is the monitoring agency for QIP fund utilization.
- QIP issue size: ₹1,855.00 million; net proceeds: ₹1,823.11 million.
- Monitoring Agency confirms no conflict of interest.
- Report complies with SEBI ICDR Regulations.
Price Impact
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