Adani Green Energy confirms that there were no deviations or variations in the utilization of proceeds from the issuance of convertible warrants for the quarter ended September 30, 2025. The proceeds were used as stated in the notice dated December 26, 2023. The Audit Committee reviewed this statement, ensuring alignment with the intended purposes of the issuance.
Convertible Warrant Utilization
Adani Green Energy confirms that there were no deviations or variations in the utilization of proceeds from the issuance of convertible warrants for the quarter ended September 30, 2025. This confirms adherence to the intended purposes as previously disclosed.
Details of Fund Allocation
The total amount raised through the issuance of convertible warrants was INR 9,350 Crores. These funds were allocated to the following key objectives:
- Debt Repayment: INR 4,675.00 Crores
- Investment in Renewable Projects: INR 2,338.00 Crores
- General Corporate Purposes: INR 2,337.00 Crores
Review and Compliance
The Audit Committee has reviewed the utilization of these funds and confirmed that there were no deviations from the stated objectives.
Source: BSE
