Inox Green Energy Services Limited has confirmed that for the quarter ended June 30, 2026, there has been no deviation or variation in the utilization of funds raised through its Preferential Issue. The company stated that the proceeds have been utilized strictly in line with the objects outlined in the offer document, as reviewed and noted by the Audit Committee.
Confirmation of Fund Utilization
Inox Green Energy Services Limited has officially submitted its statement regarding the utilization of funds raised via a Preferential Issue. The company confirms that for the financial quarter ending June 30, 2026, there has been a strict adherence to the originally stated objectives for the fund deployment.
No Deviation Reported
According to the filing, the proceeds from the Preferential Issue have been utilized precisely as disclosed in the offer document, indicating no instances of deviation or variation. This confirmation has been duly reviewed and acknowledged by the company’s Audit Committee during their meeting on August 7, 2026. The total amount raised through the various tranches of the Preferential Issue and convertible warrants amounted to ₹966.30 Crore.
Details of Fund Raising
The statement details fund-raising activities through a Preferential Issue of Equity Shares and Convertible Warrants. Key dates and amounts include: ₹562.50 Crore on August 2, 2024; ₹30.00 Crore on October 5, 2024; ₹53.34 Crore on October 27, 2025; ₹15.78 Crore on November 4, 2025; ₹13.38 Crore on November 25, 2025; ₹75.00 Crore on January 23, 2026; and ₹216.30 Crore on January 28, 2026. The total consideration received was ₹966.30 Crore.
Breakdown of Fund Utilization
The utilized funds breakdown by object is as follows: Debt Repayment accounted for ₹109.64 Crore of the allocated ₹110.00 Crore. Investments in subsidiaries utilized ₹611.49 Crore out of ₹690.00 Crore. General Corporate Purposes saw an utilization of ₹110.48 Crore against an allocation of ₹250.00 Crore. In all categories, the utilization was in line with or below the allocated amounts, with no material deviations reported.
Source: BSE
