Orient Green Power Company Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Orient Green Power Company Limited has announced a board meeting to review the utilization of ₹230 crores raised through a rights issue, confirming that there are no deviations in the use of these funds as of September 30, 2024. The funds are earmarked primarily for the repayment of unsecured loans to affiliated companies. This clarity on fund utilization reaffirms the company's commitment to financial discipline and could enhance investor confidence. Investors might view this stability as a positive indicator of governance and operational integrity, reinforcing a favorable sentiment towards the stock.