Inox Green Energy Services Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Inox Green Energy Services Limited has submitted a statement confirming there is no deviation or variation in the use of funds raised through its Preferential Issue for the quarter ended 31st December 2025. The company has raised Rs. 675 Crores so far out of the total issue size of Rs. 1,050 Crores (comprising equity shares and convertible warrants). Of the amount raised, Rs. 612.11 Crores has been utilised, with Rs. 109.64 Crores going toward debt repayment, Rs. 445.83 Crores toward investments/loans in subsidiaries, and Rs. 56.64 Crores toward general corporate purposes. The statement was reviewed and noted by the Audit Committee on 13th February 2026, and CARE Ratings Limited acted as the monitoring agency.
This is a routine compliance filing confirming that the company is using the funds raised from its preferential issue in line with the disclosed objectives. There is no negative implication for shareholders; it simply reinforces that the Rs. 675 Crores raised has been deployed as promised, which is mildly positive for governance credibility.