Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that for the quarter ended 30th September, 2025, there is no ....
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Awaiting price reaction for this filing.
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 30th September 2025. The company raised Rs. 395.19 Crore via a preferential issue (allotted on 11th December 2024), slightly lower than the originally planned Rs. 402 Crore due to non-participation by some proposed allottees. Of the amount raised, Rs. 244.09 Crore has been invested in its wholly owned subsidiary Insolation Green Energy Private Limited for setting up a new solar manufacturing unit at Sawarda, Jaipur, and Rs. 15.93 Crore used for general corporate purposes, taking total utilization to Rs. 260.03 Crore. The lower-than-planned subscription resulted in a proportional reduction in the General Corporate Purpose allocation (from Rs. 82 Crore to Rs. 75.19 Crore), while the subsidiary investment allocation remained at Rs. 320 Crore. The Audit Committee and Board reviewed and noted the statement on 14th November 2025, with CARE Ratings acting as the monitoring agency.
This is a routine, positive compliance filing that confirms funds are being used exactly as disclosed to shareholders, supporting governance credibility. No negative signal for the stock — it simply validates disciplined deployment of the Rs. 395 Crore raised last year, with the bulk still going into the Jaipur solar manufacturing expansion as planned.