Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) ....

Filed: 04 May 2026, 14:38 IST Exchange: BSE Category: Regulatory Compliance — Monitoring Agency Report

Monitoring Agency Report for quarter ended March 31, 2026 submitted by CARE Ratings Limited on IPO proceeds utilization of Rs 2626 crore. No deviations from objects or costs. Capital expenditure for E2W factory in Maharashtra ongoing with some delay in production start to Oct 2026 from July 2026 due to environmental clearance. Rs 1008.93 crore utilized, Rs 1617.07 crore unutilized as of quarter end. Unutilized funds invested in fixed deposits with Axis, Kotak, and IDFC banks.

Source: Original filing PDF — view on exchange portal

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