News ArticleAditya Infotech Limited Confirms Full Compliance in INR 1,465.5 Crore QIP Fund Utilization for September Quarter
Monitoring Agency Report by Acuité Ratings shows no deviations or fund usage for expansion projects as of September 30, 2026
Aditya Infotech Limited submitted the Monitoring Agency Report from Acuité Ratings confirming complete alignment with QIP proceeds utilization plans for the quarter ended September 30, 2026. The company raised INR 1,500 crore through Qualified Institutional Placement, with INR 1,465.5 crore net of expenses, deploying the funds as planned without any deviations or utilization of funds towards expansion projects during this period.
Aditya Infotech Limited
Corporate Action
Aditya Infotech Limited submitted its Monitoring Agency Report verifying that the proceeds amounting to INR 1,465.5 crore from its Qualified Institutional Placement have been utilized exactly as disclosed, with no deviations during the quarter ended September 30, 2026.
The report, issued by Acuité Ratings & Research Limited, confirms there were no deviations from the stated objects of the QIP issue. The company raised gross proceeds of INR 1,500 crore between September 22 and September 25, 2026, after deducting issue expenses of INR 34.5 crore, resulting in net proceeds of INR 1,465.5 crore.
The allocation includes INR 325 crore for repayment of borrowings, fully utilized. INR 650 crore has been earmarked for capital expenditure investments through its material subsidiary AIL Dixon, but no funds were utilized for these projects during the quarter.
Additionally, INR 490.5 crore is designated for funding inorganic growth through acquisitions and general corporate purposes. The report confirms no favorable or unfavorable events impacted the viability of these objectives, and no material facts affecting investor decisions were observed.
The report is based on information provided by the issuer, bank statements, and certificates without independent audit verification, as per SEBI regulations.
Highlights
- INR 1,500 crore gross proceeds raised via Qualified Institutional Placement in September 2026
- Net proceeds after issue expenses total INR 1,465.5 crore
- INR 325 crore fully utilized for repayment of borrowings by company and material subsidiary
- INR 650 crore allocated for capital expenditure, no utilization recorded during the quarter
- INR 490.5 crore allocated for acquisitions and general corporate purposes
- No deviations or material adverse events reported by the monitoring agency
Key Data Snapshot
What happened
- Aditya Infotech Limited raised INR 1,500 crore via Qualified Institutional Placement in September 2026.
- The company submitted a Monitoring Agency Report confirming utilization of QIP proceeds according to disclosures without deviations.
- Gross proceeds after expenses amounted to INR 1,465.5 crore.
- The monitoring report was prepared by Acuité Ratings & Research Limited and reviewed by the company’s Audit Committee and Board of Directors.
Key details
- INR 325 crore of the QIP proceeds was fully utilized for repayment of borrowings at the company and its material subsidiary, AIL Dixon.
- INR 650 crore has been allocated for capital expenditure through AIL Dixon but remained unutilized during the quarter.
- INR 490.5 crore is allocated for funding inorganic growth and general corporate purposes.
- No change in means of finance or material deviations from the offer document were observed during the quarter.
Regulatory and governance context
- The monitoring report complies with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Issue of Capital Disclosure Requirements Regulations, 2018.
- No government or statutory approvals were required for the objects of the QIP issue.
- The Monitoring Agency does not perform an audit but provides an objective view based on information provided by the issuer.
Highlights
- INR 1,500 crore gross proceeds raised via Qualified Institutional Placement in September 2026
- Net proceeds after issue expenses total INR 1,465.5 crore
- INR 325 crore fully utilized for repayment of borrowings by company and material subsidiary
- INR 650 crore allocated for capital expenditure, no utilization recorded during the quarter
- INR 490.5 crore allocated for acquisitions and general corporate purposes
- No deviations or material adverse events reported by the monitoring agency
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Issue of Capital Disclosure Requirements) Regulations, 2018
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