Sansera Engineering’s Monitoring Agency (ICRA) has released its report for Q3 2026, confirming that the company has utilized funds raised through its Qualified Institutional Placement (QIP) in line with the stated objectives. The report indicates no deviations in the utilization of the issue proceeds. As of December 31, 2025, the company has unutilized QIP funds of ₹260.706 crore.
QIP Fund Utilization Update
Sansera Engineering has received a report from its Monitoring Agency, ICRA, regarding the utilization of funds raised through a Qualified Institutional Placement (QIP). The report, dated February 03, 2026, covers the quarter ended December 31, 2025 (Q3 FY26).
Key Findings
ICRA’s monitoring report confirms that there has been no deviation in the utilization of the QIP proceeds. This means the funds have been deployed as per the objects stated in the issue document.
Details of Unutilized Funds
As of December 31, 2025, the total unutilized amount from the QIP stands at ₹260.706 crore. These funds have been temporarily invested in fixed deposits and maintained in a monitoring account. Details of these investments are as follows:
Investment Details
- Fixed Deposit with State Bank of India: ₹101.000 crore (Maturity: January 21, 2026)
- Fixed Deposit with HDFC Bank: ₹33.500 crore (Maturity: January 21, 2026)
- Fixed Deposit with HDFC Bank: ₹36.775 crore (Maturity: January 27, 2026)
- Fixed Deposit with HDFC Bank: ₹102.000 crore (Maturity: February 24, 2026)
- Monitoring A/c Balance: ₹0.066 crore
The total market value of these investments as of the quarter end is ₹292.095 crore.
Planned Expenditure
The QIP proceeds were intended for the following key objectives:
- Repayment/prepayment of certain outstanding borrowings
- Acquisition of land for a new manufacturing facility
- Capital expenditure towards expansion and development of existing manufacturing facilities
- General corporate purposes
Progress on Planned Expenditure
Significant progress has been made on these objectives, although some delays were noted. For example, the acquisition of land for a new manufacturing facility is delayed. Similarly, general corporate purposes are also delayed, however expenditure are expected to be executed in FY2026-27.
Source: BSE
