Sansera Engineering Ltd

Sansera Engineering’s Q1 FY2026 Fund Utilisation: Key Insights & Progress 📊

📌 Highlights:

- Sansera Engineering Limited submitted the Monitoring Agency Report for Q1 FY2026 (quarter ended June 30, 2025) regarding the utilisation of funds raised through QIP.

- The Monitoring Agency, ICRA Limited, confirmed no deviation in the utilisation of proceeds from the QIP issue.

- The QIP issue size was INR 1,200 crore, with net proceeds of INR 1,174.979 crore.

- Key utilisation of funds includes: Repayment of borrowings (INR 700 crore), acquisition of land for a new facility (INR 88.972 crore utilised out of INR 100 crore), capital expenditure for existing facilities (INR 60.294 crore utilised out of INR 100 crore), and general corporate purposes (INR 9.306 crore utilised out of INR 274.979 crore).

- Unutilised funds (INR 316.407 crore) were parked in fixed deposits with banks like State Bank of India and HDFC Bank, earning interest.

- Delays noted in some objectives: Acquisition of land and general corporate purposes are behind schedule, while capital expenditure is on track.

- Investment in renewable energy (INR 9.306 crore) was made under general corporate purposes, approved by the board on May 27, 2025.

- The Monitoring Agency report is based on issuer-provided information and does not involve independent verification.