Corporate Governance7 Aug 2026, 09:11 pm
Inox Green Energy Confirms Nil Deviation in Fund Utilization
AI Summary
Inox Green Energy Services Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue for the quarter ended June 30, 2026. The proceeds have been utilized in line with the objects stated in the offer document. The Audit Committee reviewed and noted this nil deviation. The total funds raised were ₹966.30 Crore, with utilization aligning with the stated purposes including debt repayment and investments in subsidiaries.
Key Highlights
- No deviation in fund utilization for Q2 FY27 confirmed.
- Funds raised via Preferential Issue used as per offer document.
- Audit Committee reviewed and noted the nil deviation.
- Total funds raised amounted to ₹966.30 Crore.
- Utilization aligns with debt repayment and subsidiary investments.
Price Impact
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