Reliance Power has released its Monitoring Agency Report for the quarter ended September 30, 2025. The report, submitted by Infomerics Valuation and Rating Limited, confirms that the proceeds from the preferential issue of warrants are being utilized as intended. As of September 30, 2025, ₹26.49 crore remains unutilized and is held in fixed deposits with scheduled commercial banks.
Monitoring Agency Findings
Infomerics Valuation and Rating Limited, the monitoring agency, has submitted its report for Q2 2025 (July-September). The report pertains to the preferential issue of warrants by Reliance Power. The monitoring agency confirms adherence to regulations and proper utilization of funds.
Details of Proceeds and Utilization
The total proceeds proposed to be received under the preferential issue amounted to ₹1,524.60 crore. As of the end of Q2 2025, the actual proceeds received stood at ₹694.65 crore. There were no proceeds received during the quarter ended September 30, 2025.
Unutilized Funds
As of September 30, 2025, ₹26.49 crore remains unutilized. These funds are maintained in fixed deposits and current accounts with scheduled commercial banks, aligning with regulatory requirements. There have been no deviations observed in the utilization of funds.
Allocation of Issue Proceeds
The issue proceeds are primarily allocated towards:
- Expansion of Business Operations: ₹803.60 crore
- General Corporate Expenses: ₹381.00 crore
- Debt Reduction: ₹340.00 crore
Progress on Object(s)
As of the reporting period, the objects are ongoing, within the stipulated timeframe of 18 months from the receipt of issue proceeds.
Source: BSE
