INOXWIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CARE Ratings Limited, the Monitoring Agency, has submitted its report for the Rs. 1,249.33 crore Rights Issue conducted in August 2025. Of the total, Rs. 1,199.25 crore has been utilized, with Rs. 50.07 crore remaining unutilized and parked in a term deposit with IndusInd Bank at 6.35% interest. The full Rs. 560 crore earmarked for redeeming promoter-held preference shares (NCPRPS) and Rs. 159 crore for repaying company borrowings have been fully deployed, both ahead of the March 2026 target. For the Rs. 250 crore investment in subsidiary Inox Renewable Solutions Ltd (IRSL), Rs. 200 crore has been used (Rs. 135 crore deployed this quarter), with Rs. 50 crore still pending. General corporate purposes of Rs. 273.70 crore and issue expenses of Rs. 6.63 crore are nearly fully utilized. No deviations from the stated objects were reported.
The report confirms orderly and largely on-track use of Rights Issue funds with no deviations, which is positive for shareholder confidence. The company has already completed the two largest debt-repayment objectives and is steadily deploying capital into its subsidiary, supporting its deleveraging and renewable energy expansion plans.