Solarium Green Energy Ltd — Important, 11-11-2025: Company Update
11-11-2025 | 06:56 pm
11-11-2025 | 06:56 pm
Solarium Green Energy Limited's Monitoring Agency Report confirms no deviation in the utilization of funds from its Initial Public Issue (IPO) for the half-year period. The company raised INR 96.26 Crore net proceeds. Of this, INR 25.26 Crore allocated for General Corporate Purposes has been fully utilized. For Working Capital Requirements, INR 15.10 Crore has been deployed, with the remaining INR 55.90 Crore invested in fixed deposits with HDFC Bank, yielding 7.40%. This report provides assurance to shareholders regarding the appropriate use of IPO proceeds as outlined in the initial offer.
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