KEI Industries has released its Monitoring Agency Report for the quarter ended December 31, 2025. The report, issued by CARE Ratings Limited, assesses the utilization of proceeds raised through Qualified Institutions Placement (QIP). As of the reporting period, the company has deployed funds towards cable manufacturing expansion and debt repayment, with remaining funds invested in short-term instruments.
QIP Proceeds Utilization
KEI Industries’ Monitoring Agency Report for Q3 FY26 indicates the status of funds raised through its Qualified Institutional Placement (QIP) of ₹2,000 crore. A significant portion of these funds has been allocated towards key strategic objectives, ensuring alignment with the company’s growth plans.
Key Uses of Funds
The report highlights the allocation of QIP proceeds as follows:
- Partial funding for a cable manufacturing facility at Sanand, Ahmedabad: ₹895.09 crore utilized as of December 31, 2025.
- Repayment/pre-payment of outstanding borrowings: ₹275.99 crore.
- General corporate purposes: ₹235.19 crore.
Unutilized Funds and Investments
As of December 31, 2025, a balance of ₹559.36 crore remains unutilized. These funds have been strategically deployed in short-term instruments, including fixed deposits with various banks, to maximize returns while awaiting allocation to planned projects. The return on these investments ranges from 5.00% to 7.51%.
Future Outlook
The Monitoring Agency report confirms that KEI Industries is progressing according to its intended use of funds, with significant investments made in expanding its manufacturing capabilities and reducing debt. The remaining funds are being managed prudently to support future growth initiatives.
Source: BSE
