Announced Thu, 23 Jul · 17:27 IST
Rights Issue monitoring report Q1 FY27 - no deviations noted
Compliance View source PDF
SOLARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹522.60
prior close
₹521.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-1.3-1.3-1.7-3.9—————————
Up moveDown movePending
AI summary
CRISIL filed its monitoring agency report for Solara's Rights Issue (net proceeds Rs 446.95 crore) for Q1 FY27. Rs 438.63 crore used so far, with Rs 333.61 crore for repaying borrowings and Rs 105.02 crore for general corporate purposes. Rs 8.32 crore remains unutilized, mostly pending call money receipts. No deviation from stated objects. GCP of Rs 30.05 crore went to vendor payments, including settling legacy payables from FY23 to FY25.
Likely market impact
Routine compliance update. Confirms proceeds used as promised. No red flags; likely neutral for the stock.