Senco Gold Limited has confirmed that there was no deviation or variation in the utilization of funds raised via its Qualified Institutional Placement (QIP) during the quarter ended December 31, 2025. The company verified that the net proceeds of Rs 4,434.20 million were fully utilized for the original objects outlined in the placement document dated December 13, 2024. This statement has been reviewed by the Audit Committee and approved by the Board of Directors.
Confirmation of QIP Proceeds Utilization for Q3 FY2026
Senco Gold Limited has issued an official statement confirming the status of funds raised through its Qualified Institutions Placement (QIP). For the quarter ending 31st December, 2025, the company affirms that there has been no deviation or variation in how the raised capital was deployed against the stated objectives.
Key Transaction Details
The relevant fund-raising activity took place on 13th December, 2024. The total Gross Proceeds amounted to Rs 4,590.00 million, resulting in Net Proceeds of Rs 4,434.20 million. The monitoring agency appointed for this process was ICRA Limited.
The company explicitly states that the issue proceeds have been fully utilized and that there is no divergence from the objects detailed in the Placement Document dated 13th December, 2024. Consequently, the detailed statement shows No Comments from both the Audit Committee and the external auditors regarding any review or issues.
Compliance Confirmation
As confirmed by the Company Secretary & Compliance Officer, Mukund Chandak, the filing for the quarter ended 31st December, 2025, meets all procedural requirements, confirming that no variation was noted in the deployment of the QIP funds.
Source: BSE
