Pursuant to regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that for the quarter ended 31st December, 2025.
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Insolation Energy has filed its quarterly compliance statement confirming there is NO deviation or variation in the use of proceeds from its Preferential Issue for the quarter ended 31st December 2025. The company raised Rs. 395.19 Crore (against an original target of Rs. 402 Crore, as some proposed allottees did not participate) through the preferential issue allotted on 11th December 2024. The original plan was to invest Rs. 320 Crore in its wholly-owned subsidiary Insolation Green Energy Private Limited for a new manufacturing unit in Jaipur, Rajasthan, and use Rs. 82 Crore for general corporate purposes. So far, Rs. 294.32 Crore has been deployed into the subsidiary project and Rs. 15.93 Crore for general corporate use, totalling Rs. 310.26 Crore utilised out of Rs. 395.19 Crore raised. The Audit Committee and Board reviewed and noted the statement on 12th February 2026, with CARE Ratings Limited acting as the monitoring agency.
This is a routine, positive compliance disclosure — it confirms funds are being used as originally promised to shareholders, with no misuse or diversion. No material impact on stock price; mainly reassures investors about governance and disciplined deployment of capital.