
Rights Issue29 Jul 2026, 08:51 pm
Orient Green Power: Monitoring Report for Rights Issue Proceeds Q1 FY27
AI Summary
Orient Green Power Company Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI (LODR) Regulations, 2015. The report, issued by CRISIL Ratings Limited, confirms no deviation from the objects for the utilization of Rs. 250 crores raised through a Rights Issue. The company raised Rs. 25,000 lakh (gross proceeds) with issue expenses of Rs. 291.10 lakh, resulting in net proceeds of Rs. 24,708.90 lakh. The monitoring agency confirms objective utilization based on provided information, while clarifying it does not perform audits or independent verification.
Key Highlights
- Monitoring Agency Report submitted for Q1 FY27.
- No deviation from the objects of the Rights Issue.
- CRISIL Ratings Limited appointed as Monitoring Agency.
- Rights Issue proceeds amounted to Rs. 250 crores.
- Report covers utilization of funds for the quarter ended June 30, 2026.
Price Impact
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