Inox Green Energy Services Ltd: Monitoring Agency Report for Q2 2026

Inox Green Energy Services Ltd has submitted the Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report details the utilization of proceeds from a preferential issue amounting to ₹1050 crore. As of June 30, 2026, the company had received ₹966.30 crore. There were no deviations from the objects stated in the offer document. A revision in the total cost from ₹1050 crore to ₹966.30 crore occurred due to the cancellation of warrants, leading to adjustments in debt repayment, investment in subsidiaries, and general corporate purposes. The Board noted that utilization is in line with the offer document, and no major deviations were observed compared to earlier reports.