StockWatch
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Civil Construction
Board Meeting23 May 2026, 07:00 pm

GRE Renew: Standalone & Consolidated Audited Financials Approved

AI Summary

GRE Renew Enertech Ltd's Board approved standalone and consolidated audited financial statements for the year ended March 31, 2026. They also approved a variation in the utilization of IPO proceeds, reallocating ₹2,06,12,830 from an automated solar panel cleaning system to general corporate purposes, pending shareholder approval via postal ballot. The board ratified the utilization of ₹33.23 Lakhs in savings from IPO issue expenses towards the solar power plant project and noted a revision in project capacity from 9.99 MW (DC) to 9.67 MW (DC).

Key Highlights

  • Standalone and consolidated audited financials for FY26 approved.
  • ₹2.06 Cr reallocated from automated cleaning to general corporate purposes.
  • ₹33.23 Lakhs IPO savings used for solar project.
  • Project capacity revised to 7.20 MW (AC) / 9.67 MW (DC).