INOX Wind has released its monitoring agency report concerning the utilization of proceeds from its rights issue. The report, dated November 14, 2025, indicates that the funds are being utilized as per the disclosures in the offer document. A portion of the proceeds remain unutilized and is parked in term deposits with scheduled commercial banks. This report covers the period ending September 30, 2025 (Q2 2026).
Rights Issue Proceeds Monitoring
INOX Wind’s monitoring agency, CARE Ratings Limited, has submitted its report regarding the utilization of the rights issue proceeds for the quarter ended September 30, 2025. The rights issue had a total value of Rs. 1249.33 crore.
Utilization Details
The monitoring report confirms that the proceeds are being utilized in accordance with the objectives outlined in the offer document. As of September 30, 2025, a portion of the funds remained unutilized and has been invested in term deposits with scheduled commercial banks. According to the report there were no deviations from the stated objectives.
Key Expenditures
The key expenditures during this period include:
- Repayment/redemption of non-convertible preference shares: Rs. 560.00 crore
- Prepayment/repayment of company borrowings: Rs. 159.00 crore
- Investment in Inox Renewable Solutions Limited: Rs. 65.00 crore
- General corporate purposes: Rs. 273.00 crore
- Issue expenses: Rs. 6.61 crore
Unutilized Funds Deployment
The unutilized funds totaling Rs. 185.72 crore are primarily deployed in the following:
- Term deposit with ICICI Bank: Rs. 135.00 crore
- Term deposit with IndusInd Bank: Rs. 50.00 crore
- Balance in monitoring account: Rs. 1.04 crore
Source: BSE