Corporate Governance13 Nov 2026, 07:12 pm
Inox Green Energy Reports Nil Deviation in Fund Utilization for Q2 FY27
AI Summary
Inox Green Energy Services Ltd has filed a statement confirming nil deviation or variation in the utilization of proceeds raised through its Preferential Issue and Qualified Institutions Placement (QIP) for the quarter ended September 30, 2026. The company stated that funds from the Preferential Issue were utilized in accordance with the stated objects, including debt repayment and investments in subsidiaries. For the QIP, the proceeds remained unutilized as of the reporting date and were held in a designated escrow account. The Audit Committee reviewed and approved these statements.
Key Highlights
- No deviation reported in the utilization of funds from Preferential Issue and QIP.
- Proceeds from Preferential Issue used for debt repayment and subsidiary investments.
- QIP proceeds remained unutilized and held in escrow as of September 30, 2026.
- Audit Committee reviewed and approved the nil deviation statements.
- Filing complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
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