Pursuant to Regulation 32(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby confirm that for the quarter ended 30th June, 2025, there no deviation ....
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Insolation Energy has confirmed to the BSE that for the quarter ended 30th June 2025, there is no deviation or variation in how the company has used the money raised through its earlier Preferential Issue, compared to the purposes stated in the offer document. In other words, the funds raised from selected investors have been spent exactly as promised when the issue was launched. The statement was reviewed and noted by both the Audit Committee and the Board of Directors at their meeting held on 14th August 2025, and then filed with the stock exchange as required under SEBI's listing rules.
This is a routine compliance confirmation that reassures shareholders that management is using the funds as committed, with no misuse or diversion. It is a neutral-to-mildly positive signal for investor confidence, and is unlikely to move the stock price on its own.