Key Compliance Statement
The disclosure confirms that there has been no deviation or variation in the use of proceeds from the company's preferential issues of Fully Convertible Warrants. This confirmation is against the objects stated in the Explanatory Statement to the Notice dated September 18, 2025, and the Corrigendum to the Notice of the Extra-Ordinary General Meeting dated October 7, 2025. The EGM was held on October 15, 2025.
The statement of nil deviation or variation is for the quarter ended June 30, 2026, and it has been duly reviewed by the company's Audit Committee.
Fund Raising Details (From Enclosed Statement)
- Mode of Fund Raising: Preferential Issues
- Date of Raising Funds: November 14, 2025
- Total Amount Raised: ₹175.23 Crore
- Monitoring Agency: Applicable (CARE Ratings Limited)
- Deviation/Variation in use of funds: No
- Audit Committee Comments: No comments (after review)
- Auditors Comments: No comments
Breakdown of Fund Utilization
| Sr. No. | Object of Funding | Deviation/Variation? | Amount Raised (₹ Cr) | Amount Used (₹ Cr) | Balance (₹ Cr) | Additional Information |
| 1 | Project Funding | No | 200 | 0 | 0.22 | Total unutilised amount is ₹0.008 crore as on 30.06.2026. |
| 2 | Investment in BESS Project | No | 175 | 0 | 175 | During the quarter, the company raised ₹25.01 crores on 20.04.2026 in addition to ₹25.22 crores on 07.01.2026 and ₹125 crores raised in the quarter ended on 31.12.2025. |
| 3 | General Corporate Purposes | No | 125 | 0 | 0 | |
Signatory and Filing Details
- Company Reference: GPIL/NSE&BSE/2026/6420
- Signatory Name: Yarra Chandra Rao
- Signatory Designation: Company Secretary and Compliance Officer
- Place of Signing: Raipur
- Date of Filing & Signing: August 7, 2026
Financial Impact
Financial impact is not quantified in the disclosure beyond the confirmation that there has been no deviation from the stated objects of the fund raise. The total unutilized amount from the raised funds is minimal at ₹0.008 crore.