Pursuant to Regulation 32(6) of the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with ....
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Awaiting price reaction for this filing.
Insolation Energy Limited has submitted the Monitoring Agency Report for Q1 FY26 (quarter ended June 30, 2025) prepared by CARE Ratings Limited, covering the use of funds raised through a preferential allotment of equity shares worth Rs. 395.19 crore. The Monitoring Agency noted no deviation from the stated objects of the issue, and the report was reviewed by the Audit Committee and Board of Directors on August 14, 2025. The Monitoring Agency Agreement was originally signed on November 19, 2024. CARE Ratings confirmed no conflict of interest while discharging its monitoring role.
No negative impact on shareholders — the report confirms proceeds from the Rs. 395.19 crore preferential issue are being used in line with the disclosed objects with zero deviation. This is a routine compliance filing and is unlikely to materially move the stock price, though it signals disciplined deployment of the recently raised capital.