KEI Industries Limited — Others, 06-05-2025: Monitoring Agency Report

KEI Industries has announced a Monitoring Agency Report by CARE Ratings on the use of Rs. 2,000 Cr raised via QIP. Rs. 621.03 Cr was spent on the Sanand cable manufacturing facility, with project completion delayed into FY26 due to design changes, though technical viability remains intact. Outstanding borrowings of Rs. 275.99 Cr were fully repaid in FY25. Rs. 149.26 Cr went to general corporate needs like raw materials and wire testing. Approximately Rs. 1,378.97 Cr remains invested in fixed deposits, to be used as the project advances. No adverse events were noted.