KEI Industries Limited — Others, 22-07-2025: Monitoring Agency Report

KEI Industries has received its Q1FY26 Monitoring Agency Report on the utilization of Rs. 2,000 Cr raised through its Qualified Institutional Placement. As of June 30, 2025, the company has utilized Rs. 913.92 Cr. Funds for debt repayment (Rs. 275.99 Cr) and issue expenses (Rs. 34.37 Cr) have been fully deployed. Progress on the Sanand manufacturing facility (Rs. 454.29 Cr utilized) and General Corporate Purposes (Rs. 149.26 Cr utilized, mainly for raw materials and testing) is behind schedule. The company attributes this to project revisions and adjusted payment schedules, with remaining funds to be utilized in FY26. Over Rs. 1,086 Cr of unutilized proceeds are currently invested in Fixed Deposits.