KPI Green Energy Limited — Others, 06-02-2025: Monitoring Agency Report

KPI Green Energy Limited has submitted the Monitoring Agency Report for Q3 FY2025 concerning the proceeds from its recent Qualified Institutions Placement (QIP). The report, prepared by ICRA Limited, confirms that the utilization of the funds raised, totaling ₹1,000 crore, aligns with the intended purposes outlined in the offer document, with no deviations reported. The total amount utilized as of the end of December 2024 stands at ₹941.51 crore, predominantly for debt repayment and working capital. This consistent adherence to financial plans may enhance investor confidence, suggesting a positive outlook for the company's financial health and operational integrity.