Regulatory29 May 2026, 09:21 pm
Solarium Green Energy: No Deviation in IPO Fund Utilization
AI Summary
Solarium Green Energy Ltd reports no deviation in the utilization of funds raised through its SME IPO for the half year and year ended March 31, 2026. The IPO, which raised ₹105.04 Cr on February 11, 2025, was reviewed by the Audit Committee on May 29, 2026. The funds were allocated to working capital (₹71.00 Cr), general corporate purposes (₹25.26 Cr), and issue-related expenses (₹8.78 Cr), with no deviations or variations reported.
Key Highlights
- Solarium Green Energy reports no deviation in IPO fund utilization for the period ending March 31, 2026.
- The IPO raised ₹105.04 Cr on February 11, 2025, through the issuance of 54,99,600 equity shares.
- Funds were allocated to working capital, general corporate purposes, and issue-related expenses.
- The Audit Committee reviewed the statement on May 29, 2026, with no adverse comments.
- Acuite Rating Agency Limited is the monitoring agency.
Price Impact
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