Inox Wind Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
INOXWIND · price
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Inox Wind has confirmed to the exchanges that for the quarter ended 31st December 2025, there has been no deviation or variation in the use of proceeds from its Rights Issue conducted in August 2025. The company raised Rs. 1,249.33 crore through the Rights Issue and has utilised Rs. 1,199.26 crore as per the stated objects. Of the total, Rs. 560 crore was used to redeem Non-Convertible Redeemable Preference Shares (NCRPS) issued to the promoter, Rs. 159 crore for prepayment/repayment of company borrowings, Rs. 200 crore invested in subsidiary Inox Renewable Solutions Limited (IRSL) against an allocation of Rs. 250 crore, Rs. 273.65 crore for general corporate purposes, and Rs. 6.61 crore towards issue expenses. The Audit Committee reviewed and noted the statement on 13th February 2026, and CARE Ratings Limited acted as the Monitoring Agency.
This is a routine compliance filing with no negative implications. It reassures shareholders that the Rs. 1,249.33 crore raised via the Rights Issue is being deployed as promised, including a significant Rs. 560 crore payout to the promoter via NCRPS redemption. The Rs. 50 crore unutilised portion (mostly earmarked for IRSL) is not a red flag but investors may watch for its deployment in coming quarters.