KPI Green Energy Limited — Others, 06-11-2024: Monitoring Agency Report

KPI Green Energy Limited announced that the Monitoring Agency report for Q2 FY2025 confirms the proper utilization of funds raised through their Qualified Institutions Placement (QIP). There were no deviations from the intended use of proceeds, which include repayment of borrowings, working capital financing, and general corporate purposes. The total amount utilized is approximately INR 941.51 crore out of the INR 983 crore net proceeds, with no adverse events impacting project viability.