Inox Green Energy Services Limited — Others, 13-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Inox Green Energy Services Limited confirms full alignment in fund utilization from its preferential issue. The company raised Rs. 1,050 Cr, with Rs. 592.50 Cr received so far, deploying funds across debt repayment (Rs. 110 Cr), investments in subsidiaries (Rs. 690 Cr), and general corporate needs (Rs. 250 Cr) as planned. This disciplined capital use reinforces the company’s commitment to its strategic goals, supporting operational stability and growth potential, which is positive for shareholders.