Inox Wind Limited has confirmed that there was no deviation or variation in the utilization of funds raised via its Rights Issue for the quarter ended December 31, 2025. The total proceeds of ₹1249.33 Crore have been utilized strictly according to the objects stated in the Letter of Offer. The Audit Committee reviewed and noted this statement on February 13, 2026, confirming utilization aligned with stated purposes, including debt repayment and corporate expenditure.
Confirmation of Fund Utilization for Q3 FY2025-26
Inox Wind Limited has formally submitted its compliance statement regarding the utilization of funds raised through its recent Rights Issue. For the quarter concluding on December 31, 2025, the company confirms that there has been no deviation or variation in how the issue proceeds have been deployed compared to the objectives outlined in the offer documents.
Rights Issue Key Details
The Right Issue, which concluded on August 21, 2025, successfully raised a total amount of Rs. 1249.33 Crore. The monitoring agency appointed for this process is CARE Ratings Limited.
Object-Wise Utilization Breakdown
The detailed statement confirms that utilization has remained in line with the original allocation across all specified purposes. The total funds allocated were Rs. 1249.33 Crore, with total funds utilized reported as Rs. 1199.26 Crore for the period under review, resulting in Nil deviation for the quarter.
- Repayment / redemption of NCPRPS issued to the Promoter: Allocated 560.00 Crore; Utilised 560.00 Crore.
- Prepayment/repayment of certain borrowings (including interest): Allocated 159.00 Crore; Utilised 159.00 Crore.
- Investment in Inox Renewable Solutions Limited (“IRSL”): Allocated 250.00 Crore; Utilised 200.00 Crore.
- General corporate purposes: Allocated 273.70 Crore; Utilised 273.65 Crore.
- Issue expenses: Allocated 6.63 Crore; Utilised 6.61 Crore.
Audit Committee Review
The statement of nil deviation was formally reviewed and noted by the company’s Audit Committee during its meeting held on February 13, 2026. Both the Audit Committee and the auditors have confirmed there were Nil comments or observations regarding fund utilization during this quarter.
Source: BSE
