CG Power & Industrial Solutions has submitted its quarterly compliance report to stock exchanges, confirming no deviation in the utilisation of funds raised through its Qualified Institutions Placement (QIP) for the quarter ended 31st December, 2025. The statement, filed under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by the company's Audit Committee on 27th January, 2026.

QIP Fund Details and Utilisation

The company successfully raised Rs. 3,000 crores through its QIP on 4th July 2025. After adjusting for issue-related expenses of Rs. 26.03 crores including GST, the net proceeds available for utilisation stand at Rs. 2,973.97 crores. As of the quarter ended 31st December, 2025, the company has utilised Rs. 274.37 crores across its planned strategic initiatives.

Fund Allocation and Progress

The QIP proceeds have been allocated across multiple strategic objectives, with the largest allocation directed towards semiconductor operations:

Strategic Investment Focus

The primary focus of fund utilisation has been on the company's semiconductor subsidiary, CG Semi Private Limited, which received Rs. 184.67 crores for establishing an Outsourced Semiconductor Assembly and Test (OSAT) facility. This represents the largest single utilisation from the QIP proceeds during the quarter.

Additionally, Rs. 63.44 crores has been deployed towards setting up a power transformer plant, aligning with the company's core electrical equipment manufacturing business. The company has allocated funds for acquisitions and inorganic growth opportunities, though no utilisation has occurred in this category during the reporting quarter.

Compliance and Monitoring

CARE Ratings Limited serves as the monitoring agency for the QIP fund utilisation. The quarterly statement confirms that there has been no deviation in the objects or purposes for which the funds were raised, no deviation in the amount of funds utilised against original disclosures, and no changes in contract terms from the original fund-raising documents.

The Audit Committee and auditors have provided no adverse comments on the fund utilisation pattern, indicating adherence to the planned deployment strategy outlined during the QIP issuance.

CG Power & Industrial Solutions has delivered a strong financial performance in the third quarter, with consolidated net profit showing significant year-on-year improvement. The company's bottom line growth reflects its operational strength and market positioning in the industrial solutions sector.

Financial Performance Overview

The company reported consolidated net profit of ₹2.85 billion for the third quarter, representing a notable increase from the previous year's corresponding period. This growth trajectory indicates the company's ability to enhance profitability while maintaining operational efficiency.

Year-on-Year Growth Analysis

The 18.75% year-on-year increase in consolidated net profit demonstrates CG Power & Industrial Solutions' consistent performance improvement. The company has successfully increased its net profit by ₹0.45 billion compared to the same quarter in the previous fiscal year, showcasing effective cost management and revenue optimization strategies.

This positive financial outcome reflects the company's operational capabilities and its position in the power and industrial solutions market. The sustained profitability growth indicates strong business fundamentals and effective execution of the company's strategic initiatives during the reporting period.