Monitoring Agency Report for the quarter ended 31st March, 2026
INOXWIND · price
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CARE Ratings Limited, the monitoring agency for Inox Wind's Rs. 1249.33 crore Rights Issue (August 2025), has submitted its Q4 FY26 report. The report confirms all fund utilization is in line with the Offer Document with zero deviation from stated objects. Of the total proceeds, Rs. 1249.25 crore has been utilized leaving only Rs. 0.08 crore unutilized, parked in the monitoring account. During Q4, Rs. 50 crore was deployed towards investment in subsidiary Inox Renewable Solutions Limited for repayment of borrowings. Preference share repayment (Rs. 560 crore), company borrowings repayment (Rs. 159 crore), and general corporate purposes (Rs. 273.64 crore) have been fully utilized. The Audit Committee and Board reviewed and noted the report on May 14, 2026.
The report indicates smooth deployment of rights issue proceeds as planned with no material deviations or delays, which is a positive signal for shareholders regarding proper fund utilization.