Apar Industries Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report details the utilization of funds raised through its Qualified Institutions Placement (QIP). As of the reporting date, the company has utilized ₹2,044.24 crore out of the total QIP issue size of ₹2,500 crore, with ₹560.14 crore remaining unutilized.
Apar Industries Reports QIP Proceeds Utilization for Q2 FY27
Apar Industries Limited has submitted its Monitoring Agency Report, prepared by CARE Ratings Limited, for the quarter that concluded on September 30, 2026. This report outlines the utilization of proceeds from the company’s Qualified Institutions Placement (QIP).
Fund Utilization Details
As of September 30, 2026, Apar Industries has utilized a total of ₹2,044.24 crore from the QIP proceeds. The breakdown of this utilization is as follows:
- Funding the working capital requirement: ₹1,463.72 crore
- General Corporate Purpose: ₹448.42 crore
- Offer Expenses: ₹27.72 crore
The total amount utilized as of the reporting date stands at ₹2,044.24 crore, with a remaining unutilized amount of ₹560.14 crore. The report indicates that the unutilized funds will be used in the forthcoming months.
Deployment of Unutilized Proceeds
The unutilized proceeds amounting to ₹560.14 crore have been invested in various instruments, including Fixed Deposits, an Escrow Account, and the Monitoring Agency Account, with maturity dates extending up to November 2026. A sum of ₹4.66 crore represents interest earned on interim investment.
No Deviation from Objects
The report confirms that there have been no deviations from the objects of the issue as disclosed in the Offer Document. Shareholder approval has been obtained, and there have been no material deviations from expenditures disclosed. Similarly, the means of finance for the disclosed objects have not changed, and no major deviations were observed compared to earlier monitoring agency reports. All relevant Government/statutory approvals and arrangements pertaining to technical assistance/collaboration are in operation, with no unfavorable events affecting the viability of the objects.
Source: BSE
