Quality Power Electrical Equipments Limited has submitted its quarterly compliance report under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, confirming no deviation or variation in the utilization of IPO proceeds for the quarter ended December 31, 2025. The statement was filed with both NSE and BSE on February 7, 2026.

IPO Fund Raising Details

The company successfully raised ₹858.696 crore through its Initial Public Offering, with the allotment date being February 20, 2025. The fund utilization is being monitored by Brickwork Ratings India Private Limited as the designated monitoring agency.

Fund Utilization Breakdown

The company has allocated funds across four primary objects, with a total original allocation of ₹225.01 crore. As of the quarter ended December 31, 2025, ₹191.45 crore has been utilized across these objectives.

Key Highlights

The company has successfully completed the acquisition of Mehru Electrical and Mechanical Engineers Private Limited, utilizing the full allocated amount of ₹117 crore. For capital expenditure, deployment has been deferred as against the timeline mentioned in the prospectus, but remains within permissible limits as outlined on page 77 of the prospectus.

Audit Committee Review

The Audit Committee has reviewed the fund utilization statement and confirmed that there was no deviation or variation in the utilization of funds raised through the Initial Public Offer. The statement has been duly reviewed and approved by the committee as required under regulatory guidelines.

Compliance and Disclosure

The company has maintained full compliance with SEBI regulations regarding IPO fund utilization disclosure. Company Secretary and Compliance Officer Deepak Ramchandra Suryavanshi signed the statement, confirming adherence to all regulatory requirements. The detailed statement is available on the company's website at www.qualitypower.com for stakeholder reference.

Quality Power Electrical Equipments Limited has delivered robust financial performance in Q3, with consolidated net profit rising significantly to ₹389 million compared to ₹138 million in the same period last year. The electrical equipment manufacturer, specializing in critical energy transition equipment and power technologies, demonstrated strong operational performance across key financial metrics.

Q3 Financial Performance

The company's Q3 results showcased substantial growth across major financial parameters:

Strategic Developments and Acquisitions

As part of its inorganic growth strategy, Quality Power completed the acquisition of 50% equity stake in Sukrut Electric Company Private Limited, creating a joint venture with Yash Highvoltage Limited. Sukrut operates in electrical equipment manufacturing including panels, instruments and related assemblies, aligning with the group's core business areas. This partnership is expected to support product range expansion and provide closer access to OEM and utility requirements.

Manufacturing Expansion Progress

Several key manufacturing initiatives are progressing ahead of schedule:

Market Position and Outlook

Mr. Bharanidharan Pandyan, Joint Managing & Whole-time Director, highlighted the company's strategic positioning: "The global power transmission and grid equipment market continues to see steady investment driven by renewable integration, inter-regional transmission links and the need for grid stability. Quality Power continues to focus on technology-led offerings, export-oriented growth and deeper value chain participation across high-voltage systems."

The consolidated order book currently stands at approximately ₹8,950 million, providing strong revenue visibility across multiple product categories and geographies. The company remains focused on disciplined execution while expanding manufacturing capacity and strengthening technology depth to capitalize on growing demand for advanced transmission and grid support equipment.