Insolation Energy: No Deviation in Preferential Issue Proceeds

Insolation Energy Ltd confirms no deviation or variation in the utilization of ₹395.19 Crore raised through a preferential issue as of March 31, 2026. The funds were used in line with the stated objectives in the offer document. The Audit Committee and Board of Directors reviewed and noted the statement of deviation or variation on May 25, 2026. The funds were primarily allocated to investment in Insolation Green Energy Private Limited and for general corporate purposes.