Monitoring Agency Report for the quarter ended March 31, 2026 on the utilisation of proceeds raised through issuance of Equity Shares by way of Public issue.
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Emmvee Photovoltaic Power Limited submitted its quarterly monitoring agency report for Q4 FY2026, as required under SEBI regulations. CARE Ratings Limited, the appointed monitoring agency, verified the utilisation of Rs. 2,143.86 crore raised through the company's public issue of equity shares. The report confirms there are NIL deviations from the stated objects of the issue, meaning the company has deployed the IPO funds as per the disclosed purpose. This is a routine regulatory compliance filing under Regulation 32(6) of SEBI LODR Regulations. The report was signed by CARE Ratings' Assistant Director Saurabh Singhal and dated May 12, 2026.
No adverse impact on shareholders. The clean monitoring report with zero deviation from fund utilisation objects is a positive indicator that the company is executing its IPO objectives as committed to investors and regulators.