Diamond Power Infrastructure522163Routine SEBI update

No deviation or variation in use of QIP funds for quarter ended September 30, 2026

Diamond Power Infrastructure has shared its quarterly statement on how it used the money raised through its Qualified Institutions Placement (QIP).

By ScoutQuest · Tue 3 Nov 2026, 1:55 PM IST · 2 min read

Gross QIP amount raised: ₹ 1613.97 crore
Net QIP proceeds: ₹ 1572.62 crore
Funds utilised so far: ₹ 1097.78 crore

What was shared

Diamond Power Infrastructure Ltd has shared its quarterly statement on the use of money raised through a Qualified Institutions Placement (QIP). The statement covers the quarter ended September 30, 2026 and was reviewed by the Audit Committee at its meeting held on November 3, 2026. The company states that there is no deviation or variation in the use of the QIP funds.

The money raised

Gross amount raised: ₹ 1613.97 crore
Net proceeds: ₹ 1572.62 crore
Date of raising funds, shown as date of allotment: July 28, 2026
Monitoring agency: CARE Ratings Limited

Where the money was earmarked, and how much is used

Each line below shows the original allocation first, then the funds utilised so far (both in ₹ in Crore):

Repayment or pre-payment, in full or in part, of certain outstanding borrowings from the Promoter and Promoter Group Entities: 340.00 allocated, 340.00 utilised
Funding the incremental working capital requirements: 750.00 allocated, 489.08 utilised
Capital expenditure, including expansion and development of the manufacturing facility: 205.18 allocated, 33.17 utilised
General corporate purposes: 277.43 allocated, 198.55 utilised
Issue expenses: 41.35 allocated, 36.98 utilised
Total: 1613.97 allocated, 1097.78 utilised

On deviation

Against every object, the amount of deviation or variation for the quarter is shown as NIL.
The modified allocation column is NIL for every object.
The company's answer to whether there is a deviation or variation in use of funds is No.
Comments of the Audit Committee after review: Nil. Comments of the auditors: Nil.

How to read this

This is a routine quarterly confirmation that the QIP money has been used for the purposes stated when it was raised, and that the Audit Committee has reviewed the position. The table also shows, object by object, how much of the original plan has actually been spent so far — the borrowings repayment line is fully used at 340.00 (₹ in Crore), while the working capital and capital expenditure lines are part-used at 489.08 and 33.17 respectively.

What it does not change

A no-deviation statement is a status update on the use of already-raised money. It does not represent fresh fund raising or a new decision by the company.

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