Diamond Power Infrastructure Limited (DPIL) has disclosed its Monitoring Agency Report for the quarter that ended on September 30, 2026, detailing the utilisation of proceeds raised through a Qualified Institutions Placement (QIP) amounting to Rs. 1,613.97 crore. The report was issued by CARE Ratings Limited, which acts as the Monitoring Agency.
The report outlines that there have been no deviations from the objectives of the QIP as disclosed in the offer document. The proceeds were utilised for repayment of unsecured loans from promoters and promoter group entities, meeting working capital requirements through vendor payments, capital expenditure, and general corporate purposes. Additionally, a portion of the funds was allotted towards…