Statement of Deviation & Variation for the quarter ended 31.03.2026
INOXWIND · price
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Inox Wind Limited has submitted a statement confirming no deviation or variation in the utilisation of Rs. 1249.33 crore raised through a Rights Issue completed on 21st August, 2025. The company utilized Rs. 1249.25 crore (99.99%) of the raised funds during the quarter ending 31st March, 2026. The funds were deployed as per the stated objects: Rs. 560 crore for repayment of NCPRPS to the Promoter (completed), Rs. 159 crore for prepayment of borrowings (completed), Rs. 250 crore invested in Inox Renewable Solutions Limited (completed), Rs. 273.64 crore for general corporate purposes, and Rs. 6.61 crore towards issue expenses. The minor unutilized amount of Rs. 0.08 crore is negligible. The statement has been reviewed and noted by the Audit Committee and filed under Regulation 32 of SEBI Listing Regulations.
This filing is a routine compliance announcement confirming proper deployment of capital raised. The nil deviation status is positive for shareholders as it indicates the company followed its stated deployment plan without any diversion of funds. CARE Ratings Limited acted as the Monitoring Agency for this Rights Issue.