Inox Wind Limited has confirmed that it has fully utilized the funds raised through its Rights Issue, with no deviation from the objectives outlined in the original Letter of Offer. The company disclosed the details in a regulatory filing dated August 7, 2026, covering the quarter ended June 30, 2026.
The wind energy solutions provider raised Rs 1,249.33 crore through the Rights Issue on August 21, 2025. According to the statement reviewed by the company’s Audit Committee and submitted to BSE Limited and the National Stock Exchange of India Limited, the entire amount has been deployed for the purposes specified in the offer document.
The largest allocation, amounting to Rs 560 crore, was used for the repayment and redemption of Non-Convertible Redeemable Preference Shares (NCPRPS) issued to the company’s promoter. Another Rs 159 crore was utilized for the prepayment or repayment of specified borrowings, including accrued interest.
Inox Wind also invested Rs 250 crore in its group company, Inox Renewable Solutions Limited (IRSL). The investment was used to support the repayment of IRSL’s outstanding borrowings and redemption of its non-convertible debentures.
The company also reported that the final expenses associated with the Rights Issue stood at Rs 6.61 crore, marginally below the estimated Rs 6.63 crore. The unutilized amount of Rs 0.02 crore from the issue expenses was transferred to General Corporate Purposes (GCP), as permitted under the terms of the offer document.
As a result, the total amount utilized for GCP stood at Rs 273.72 crore, compared with the original allocation of Rs 273.70 crore.
CARE Ratings Limited acted as the monitoring agency for the utilization of the Rights Issue proceeds. The company stated that all funds were deployed in accordance with the specified objectives and that there was no deviation in either the amount utilized or the stated business purposes.
The disclosure highlights Inox Wind’s completion of its planned capital deployment following the Rights Issue and provides investors with details on how the proceeds were allocated across debt repayment, promoter preference share redemption, group-company funding, issue expenses, and general corporate purposes.
