Oriana Power Limited — Results, 18-07-2025: Reply to Clarification- Financial results

Oriana Power clarifies its financial disclosures and confirms full utilization of funds raised through its Preferential Issue. The company raised a revised gross amount of **Rs 206.85 crore** from its Preferential Issue, held in July 2024. A monitoring report by CRISIL confirms these funds are now **fully utilized** as of December 31, 2024, aligning with the company's stated objectives and within the planned timeline.

Here's how the funds were allocated and used:

* **Investment in Subsidiaries:** All **Rs 125 crore** earmarked for this purpose has been utilized, including a recent infusion of **Rs 0.10 crore** into TrueRe Green Private Limited for solar project development.

* **Working Capital Requirements:** The full **Rs 75 crore** allocated for company's working capital needs was utilized by Q3 2024.

* **General Corporate Purposes (GCP):** The entire **Rs 6.85 crore** allocated for GCP has been used. This includes **Rs 1.50 crore** for vendor payments (Solar PV String Inverter) and **Rs 5.35 crore** for LC payments.

The company also addressed an earlier query regarding its XBRL financial filing, confirming the resubmission under the correct category. Overall, Oriana Power has completed the utilization of the preferential issue proceeds, with no material deviations or delays reported.