Inox Green Energy Services Limited — Others, 14-08-2025: Monitoring Agency Report

Inox Green Energy Services Limited has provided an update on the utilization of proceeds from its Rs. 1050 crore preferential issue for the quarter ended June 30, 2025. The company has received Rs. 592.50 crore to date. From these funds, Rs. 109.64 crore was used for debt repayment, Rs. 282.53 crore for investments in subsidiaries, and Rs. 48.05 crore for general corporate purposes. The unutilized amount of Rs. 152.29 crore is primarily invested in money market funds, generating additional earnings. A monitoring agency confirmed that the funds have been utilized without deviation from the stated objectives, ensuring clear financial accountability for shareholders.