Inox Green Energy Services Limited — Others, 03-02-2025: Monitoring Agency Report

Inox Green Energy Services Limited has submitted the Monitoring Agency Report for the quarter ending December 31, 2024, related to the utilization of proceeds from its Rs. 1,050 crore preferential issue. The report confirms that there were no deviations in the use of proceeds, with approximately Rs. 393 crore utilized across specified objects. Notably, Rs. 110 crore was allocated for debt repayment and Rs. 690 crore for investments in subsidiaries. The remaining funds are temporarily parked in money market funds. This positive overview can enhance investor confidence, reflecting effective capital management and ongoing operational investments, amidst a stable wind power sector outlook.