Sterlite Technologies QIP Proceeds Utilization Report Filed

Sterlite Technologies Ltd has filed its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, prepared by CARE Ratings Limited, confirms that the QIP proceeds of Rs. 1500 crore have been utilized as per the objects stated in the offer document. There were no deviations from the stated objects, and no material deviations were observed in expenditures. Savings in issue expenses were utilized for general corporate purposes with board approval. The report also confirms that the means of finance for the disclosed objects have not changed.