Reliance Power Limited — Others, 05-02-2025: Monitoring Agency Report

Reliance Power Limited has shared the Monitoring Agency Report for the quarter ending December 31, 2024, regarding the utilization of proceeds from its recent preferential issue of convertible warrants, amounting to ₹1,524.60 crore. The monitoring agency, Infomerics Valuation and Rating Private Limited, reported no deviations in the utilization of funds, confirming that the proceeds were directed according to the objectives outlined in the offer document. The company has utilized ₹637.14 crore, primarily for debt reduction and business expansion. This positive oversight may enhance investor confidence regarding Reliance Power's financial stewardship and operational strategy moving forward.