KPI Green Energy Limited has submitted its Monitoring Agency Report for the quarter and half-year ended September 30, 2026. This report, issued by India Ratings & Research Private Limited, details the utilization of proceeds raised by the company through a preferential issue of warrants. The information has also been made available on the company’s website.
Monitoring Agency Report Submitted
KPI Green Energy Limited has officially submitted its Monitoring Agency Report, covering the financial quarter and half-year period concluding on September 30, 2026. This submission is in accordance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Report Details and Issuance
The report was prepared by India Ratings & Research Private Limited and is dated November 12, 2026. It specifically addresses the utilization of funds that were raised by KPI Green Energy Limited through a preferential issue of warrants. The report confirms that the utilization of these proceeds is being monitored as required.
Public Availability
In line with corporate governance practices, the information contained within the Monitoring Agency Report is also being made available to the public on the company’s official website, www.kpigreenenergy.com. This ensures transparency regarding the use of funds raised from investors.
Key Observations from the Report
The report, from India Ratings & Research, indicates that for the quarter ended September 30, 2026, there was no deviation from the objects for which the funds were raised. The company provided management undertakings and other relevant documents for the monitoring agency’s review.
The report also details the issue proceeds. The total issue size was INR 475.003 Crores. As of September 30, 2026, the company had received INR 118.751 Crores, representing 25% of the convertible warrants’ value as an upfront subscription amount. The remaining 75% is to be received upon conversion of warrants into equity shares within an 18-month tenure.
Regarding the utilization of proceeds for the specified objects (Development of Existing and Upcoming IPP Projects, Working Capital Requirements, and General Corporate Purposes), the report indicates Nil utilization during the quarter. The Board of Directors provided ‘No Comments’ on these aspects.
Source: BSE
