Azad Engineering Ltd

Azad Engineering QIP Update: ₹540 Crore Capital Expenditure Utilized 📊

• Raised ₹700 crore through QIP from February 25 to March 3, 2025

• ₹540.27 crore utilized for capital expenditure as of March 31, 2026

• ₹156.34 crore remains unutilized for capex with extension approved until March 31, 2027

• General corporate purpose funds fully utilized (₹156.21 crore)

• Unutilized funds (₹159.73 crore) invested in fixed deposits earning 6.40% interest

• Monitoring agency reported no material deviations affecting project viability