Azad Engineering Reports ₹493.66 Crore QIP Utilization in Q3 FY26 Monitoring Report
Published on: Feb. 14, 2026, 10:44 p.m. | Source: scanx.trade
CARE Ratings Limited's monitoring report for Azad Engineering's ₹700.00 crore QIP shows ₹493.66 crore utilized by December 31, 2025, with 61.5% of capital expenditure allocation spent. The remaining ₹206.34 crore is maintained in fixed deposits earning returns between 5.50% to 6.30%. While potential delays exist in capex implementation, the Board confirmed utilization timing aligns with business requirements and growth projections, with no deviations from stated QIP objects.
