Regulatory14 May 2026, 08:11 pm
Inox Green: Nil Deviation in Preferential Issue Proceeds
AI Summary
Inox Green Energy Services Ltd confirms no deviation in the utilization of proceeds from its preferential issue for the quarter ended March 31, 2026. The proceeds, raised against an issue size of ₹1,050 crore, were utilized as per the objects stated in the offer document. An amount of ₹966.30 crore was raised, with a shortfall of ₹83.70 crore due to non-exercise of warrants. The Audit Committee reviewed and noted the nil deviation in their meeting held on May 14, 2026.
Key Highlights
- Inox Green reports no deviation in preferential issue proceeds utilization.
- ₹966.30 Cr raised against ₹1,050 Cr issue size due to warrant non-exercise.
- Proceeds utilized as per offer document's stated objectives.
- Audit Committee reviewed and noted the nil deviation on May 14, 2026.
- Report pertains to the quarter ended March 31, 2026.
Price Impact
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