Statement of Deviation / Variation for the quarter ended March 31, 2026
GMRP&UI · price
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GMR Power and Urban Infra Limited has filed a nil deviation statement for the quarter ended March 31, 2026, confirming that proceeds from a Rs. 1,200 crore Preferential Issue (raised on January 27, 2026) have been utilised in line with the stated objects of the issue. As of March 31, 2026, the company has received Rs. 900 crore out of the total issue size, with the remaining Rs. 300 crore tied to warrant conversion over 18 months. Fund utilisation stands at Rs. 334.64 crore for company debt repayment, Rs. 442.17 crore for subsidiary debt repayment, Rs. 100 crore for subsidiary infusion, and Rs. 23.19 crore for general corporate purposes. The Audit Committee has reviewed and noted no deviations.
The nil deviation report is a positive compliance signal, confirming proper use of funds and transparency in capital deployment. Shareholders can view this as reassurance that the preferential issue proceeds are being deployed as committed.