Regulatory14 Nov 2026, 09:12 pm
Vikram Solar IPO Proceeds Utilization Report Filed
AI Summary
Vikram Solar Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, detailing the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by India Ratings & Research Private Limited, confirms no deviation from the IPO's stated objects. A total of INR 35.19 Million was utilized for the purchase of a Guest House, which the company has represented as being for project team use and included in the prospectus's estimated project costs. The report is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Highlights
- Monitoring Agency Report for Q2FY27 filed.
- No deviation from IPO utilization objects confirmed.
- INR 35.19 Mn utilized for Guest House purchase.
- Utilization deemed compliant with prospectus estimates.
- Report submitted as per SEBI regulations.
Price Impact
More from VIKRAMSOLR