Monitoring Agency Report for the quarter ended 31st March, 2026
INOXWIND · price
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Inox Wind Limited submitted its Q4 FY26 monitoring agency report for a Rs. 1,249.33 crore Rights Issue conducted in August 2025. CARE Ratings, the appointed monitoring agency, confirmed that proceeds are being utilized as per the Offer Document with no deviations reported. The company fully utilized Rs. 560 crore for redemption of promoter preference shares, Rs. 159 crore for debt repayment, Rs. 250 crore for investment in subsidiary Inox Renewable Solutions Limited, Rs. 6.61 crore for issue expenses, and Rs. 273.64 crore for general corporate purposes. Total utilization stands at Rs. 1,249.25 crore with only Rs. 0.08 crore remaining unutilized in the monitoring account. The report was reviewed by the Audit Committee and Board on May 14, 2026.
The filing shows nearly complete utilization of the rights issue proceeds with no deviations or delays, which is a positive indicator for shareholders that funds raised are being deployed as committed. The minor unutilized balance of Rs. 0.08 crore is not material.