Sansera Engineering Limited — Others, 27-07-2025: Monitoring Agency Report

Sansera Engineering's monitoring agency, ICRA Limited, has confirmed there is no deviation in how the company has utilized the funds raised through its Qualified Institutional Placement (QIP). Out of the 1,200 Cr QIP, 883.59 Cr has been utilized so far. Funds were primarily used for repaying borrowings (700 Cr), land acquisition, and capital expenditure for existing facilities. Remaining funds, totaling 316.41 Cr, are securely invested in fixed deposits, generating returns. While certain projects like land acquisition and general corporate purposes have seen some delays, 9.31 Cr from the general corporate purpose allocation has been invested in renewable energy.