Quality Power Electrical Equipments Limited (QPOWER) — deviation variation | 14 May 2026

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Quality Power Electrical Equipments Limited confirmed no deviation in the utilization of IPO proceeds for the quarter ended March 31, 2026, as reviewed by the Audit Committee and detailed in Annexure A. The filing states that all funds raised through the February 20, 2025 public issue of ₹858.696 crores were used as per original objects, with no material deviation reported. The company noted delays in fund deployment against the prospectus timeline but indicated that the unutilized portion will be fully deployed within the next two quarters per a May 14, 2026 board resolution. The statement is available on the company's website and has been disseminated to stock exchanges.

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About Quality Power Electrical Equipments Limited (QPOWER)

Capital Goods · Electrical Equipment · Listed on NSE

Market Cap: ₹8,508.78 Cr P/E: 46.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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