Regulatory12 Aug 2026, 04:17 pm
Shree Ram Twistex: Wind Power Project Deviation in IPO Fund Use
AI Summary
Shree Ram Twistex Ltd has reported a deviation in the utilization of IPO proceeds for the quarter ended June 30, 2026. The company plans to install a 3.1 MW Wind Turbine Generator instead of the originally proposed 4.2 MW plant, reducing its allocation by ₹1,389.00 lakhs. The surplus funds will be reallocated to machinery for expansion (₹525.74 lakhs) and repayment of SBI Bank outstanding loans (₹863.26 lakhs). Other project allocations remain largely as planned, with minor variations in utilization for the solar power plant, wind power project, and issue expenses.
Key Highlights
- Deviation in IPO fund utilization for wind power project.
- Reduced wind power plant capacity from 4.2 MW to 3.1 MW.
- Surplus funds reallocated to machinery and debt repayment.
- Minor variations noted in solar power and issue expenses utilization.
Price Impact
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