Sansera Engineering QIP funds utilized as per objectives, report confirms

Sansera Engineering Limited has announced its Qualified Institutional Placement (QIP) proceeds for the quarter ended September 30, 2025, have been utilized as stated in the issue's objectives, with no deviations reported. The monitoring agency report by ICRA Limited confirms the utilization aligns with the disclosed objects of the issue. The company raised INR 1,200.000 crore through the QIP, with net proceeds amounting to INR 1,174.979 crore.

As of September 30, 2025, Sansera Engineering had utilized INR 929.294 crore of the QIP proceeds. Key allocations include INR 700.000 crore for repayment of outstanding borrowings, INR 92.591 crore for land acquisition for a new manufacturing facility, and INR 100.000 crore for capital expenditure to expand existing manufacturing facilities. Additionally, INR 11.682 crore was used for general corporate purposes.

The unutilized proceeds, totaling INR 270.706 crore, have been deployed in fixed deposits with banks including State Bank of India and HDFC Bank, yielding interest income of INR 14.012 crore. The company projects the remaining utilization to occur in FY2025-26.