Orient Green Power Company Limited — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Orient Green Power Company Limited has reported the utilization of ₹250 crore raised through a rights issue, confirming that there has been no variation in the use of these funds as of December 31, 2024. The funds were allocated towards various objectives, including investments in a wholly-owned subsidiary and loan repayments, with a total of ₹96.91 crore already utilized. The company’s Audit Committee reviewed the statement, noting no deviations. With ₹153.09 crore unspent and secured in fixed deposits, this prudent cash management could signal a positive outlook for future strategic initiatives and financial stability, potentially enhancing investor confidence.