Rights Issue14 May 2026, 08:31 pm
Inox Wind: No Deviation in Rights Issue Proceeds Utilisation
AI Summary
Inox Wind Ltd confirms no deviation or variation in the utilisation of ₹1249.33 Crore issue proceeds raised through the Rights Issue as of March 31, 2026. The proceeds were utilised in line with the objects stated in the Letter of Offer. The Audit Committee reviewed and noted the nil deviation/variation in utilisation during their meeting held on May 14, 2026.
Key Highlights
- Inox Wind reports no deviation in Rights Issue proceeds for Q4 FY26.
- ₹1249.33 Crore raised via Rights Issue on August 21, 2025.
- Audit Committee reviewed and noted the nil deviation on May 14, 2026.
- Proceeds utilized for repayment, prepayment of borrowings, and general corporate purposes.
Price Impact
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