Adani Green Energy Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
ADANIGREEN · price
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Awaiting price reaction for this filing.
Adani Green Energy has filed a quarterly statement confirming that there was no deviation or variation in the use of proceeds from its preferential issue of convertible warrants. The total issue size was Rs. 9,350 Crores, of which Rs. 6,855.81 Crores had been received as of June 30, 2025, with the balance to come upon warrant conversion. Of the amount received, Rs. 4,675 Crores (Debt Repayment) has been fully utilised, while Rs. 1,183 Crores of the Rs. 2,338 Crores allocated for Renewable Projects and Rs. 997.81 Crores of the Rs. 2,337 Crores for General Corporate Purposes have been utilised so far. The Audit Committee and auditors had no comments. As of the report date, the company has received 100% of the issue proceeds and the warrant holders have fully exercised their conversion option into equity shares.
This is a routine compliance filing confirming funds are being used as originally disclosed, which is a neutral-to-positive signal for shareholders. Full receipt of proceeds and 100% warrant conversion into equity means existing shareholders face full dilution from the preferential issue, which is now complete.