Shakti Pumps (India) Limited has released its Monitoring Agency Report for the quarter ended September 30, 2025, confirming that there has been no deviation in the utilization of funds raised through its Qualified Institutions Placements (QIPs). The report, prepared by India Ratings & Research, highlights that the funds raised during two QIP events, held on March 22, 2024, and July 5, 2025, have been used in accordance with the intended objectives outlined at the time of issuance. The company had raised INR 2,000 million through the placements, with each equity share priced at INR 1,208.50.

The report, dated November 7, 2025, also reassures stakeholders that all expenditures align with the disclosures made in the QIP offer document. Management undertakings and bank statements confirm that there are no material deviations from the usage plans, nor have any unfavorable events been reported that could affect the viability of the projects funded by these proceeds. The Monitoring Agency emphasized that it does not undertake independent verification of the information and relies on details provided by the issuer.

Shakti Pumps has ensured compliance with regulations set forth by the Securities and Exchange Board of India (SEBI) regarding fund utilization monitoring. The company has made the report available on its website and communicated the findings to both the National Stock Exchange of India and BSE Limited. This exercise not only reinforces transparency but also enhances the confidence of investors regarding the company's financial governance practices.