Asahi India Glass (AIS) reported no deviations from the intended use of funds raised through its Qualified Institutions Placement (QIP) during Q3 FY2026. A sum of ₹691.25 crores was allocated to the prepayment of term loans, while ₹53.60 crores went towards vendor payments. The QIP proceeds were used as intended, with no observed deviations or irregularities.
QIP Fund Utilization in Q3 FY26
Asahi India Glass (AIS) confirms that all proceeds from its Qualified Institutions Placement (QIP) have been utilized as per the stated objectives in the offer document. The monitoring agency, CareEdge Ratings, has issued a report indicating adherence to the planned allocation for the quarter ended December 31, 2025 (Q3 FY26).
Key Allocations
The report highlights the following key allocations from the QIP proceeds:
- ₹691.25 crores allocated for prepayment and/or repayment of outstanding borrowings.
- ₹53.60 crores allocated for general corporate purposes, specifically for vendor payments, by way of WCDL.
- ₹3.79 crore allocated towards fees, commissions, and issue-related expenses.
No Deviations Reported
CareEdge Ratings’ report confirms that there were no deviations from the original objectives outlined in the offer document. The funds were deployed as intended, ensuring the company’s compliance and efficient use of capital. The monitoring agency confirms the intended use of QIP funds of the issuer.
Source: BSE
