Fujiyama Power Systems Board Approves Rs.1,200 Crore Qualified Institutions Placement

Board approved QIP of up to Rs 1200 Cr subject to shareholder, exchange and regulatory approvals via postal ballot, and allotted 411587 shares at Rs 398.39 under ESOP 2023. First equity raise since listing after IPO-led funding and small associate top-ups; step change in scale as bulk new panel, electronics and battery capacity ramps through channel. Creates dilution overhang; price, timing, QIBs left to QIP panel. Needs postal-ballot and exchange nods; use beyond meeting public float not detailed. ESOP dilution negligible.