Inox Wind Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, prepared by CARE Ratings Limited, confirms the full utilization of proceeds raised through the company’s Rights Issue. Key financial details indicate that issue expenses were finalized at ₹6.61 crore against a projected ₹6.63 crore, with the minor difference adjusted under General Corporate Purposes (GCP) expenses.
Monitoring Agency Report Confirms Full Proceeds Utilization
Inox Wind Limited has officially submitted its Monitoring Agency Report for the quarter that concluded on June 30, 2026. The report, issued by CARE Ratings Limited, details the utilization of funds raised from the company’s recent Rights Issue. According to the findings, all proceeds from the Rights Issue have been fully utilized as of the end of the quarter.
Detailed Financial Breakdown of Issue Expenses
The report highlights that the total issue expenses have been finalized at ₹6.61 crore, which is marginally lower than the projected ₹6.63 crore outlined in the offer document. The small variance of ₹0.02 crore has been adjusted within the General Corporate Purposes (GCP) expenses, a move permissible as per the offer document. This adjustment ensures complete allocation of the raised funds.
Progress on Objects of the Issue
The Monitoring Agency Report also provides details on the progress of various objects funded by the issue. For the repayment of 0.01% non-convertible, non-cumulative, participating, redeemable preference shares (‘NCPRPS’), the entire ₹560.00 crore was utilized. Similarly, ₹159.00 crore was used for prepayment/repayment of borrowings, and ₹250.00 crore for investment in Inox Renewable Solutions Limited (IRSL). General corporate purposes accounted for ₹273.70 crore.
Specifically for General Corporate Purposes (GCP), the total amount utilized was ₹273.72 crore, with a minor variance of -₹0.02 crore indicating a slight over-utilization within this category, attributed to an LC payment of ₹0.08 crore. The report confirms that the company’s utilization of funds aligns with the objects specified in the offer document and that the funds have been fully utilized.
Source: BSE
