Wockhardt Ltd: QIP Proceeds Utilization Report Filed

Wockhardt Ltd has filed its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by CRISIL Ratings Limited, confirms that there has been no deviation in the utilization of the QIP proceeds from the objects stated in the Placement Document dated November 11, 2024. The QIP, which took place from November 6 to November 11, 2024, raised gross proceeds of ₹1,000.00 crore, with net proceeds of ₹977.79 crore. The Board of Directors and Audit Committee have reviewed and taken this report on record.