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 Ltd has submitted its Q4 FY2026 Monitoring Agency Report (quarter ending March 31, 2026) as required under SEBI regulations. CARE Ratings Limited, the appointed monitoring agency, has confirmed NIL deviation in the utilisation of IPO proceeds raised through the public issue aggregating Rs. 2143.86 crore. The report indicates that the company is deploying funds in line with the stated objects of the issue. This filing complies with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The monitoring agency clarified it does not perform an independent audit and relies on information provided by the company and its auditors.
The nil deviation finding is a positive signal for shareholders, confirming that the company is using IPO funds as committed in the offer document. No concerns have been raised by the independent monitoring agency regarding fund deployment.