Key Financial Figures
- Total IPO Amount Raised: ₹819.14 crore
- IPO Issue Expenses: ₹73.31 crore
- Net Proceeds Available for Utilization: ₹745.83 crore
- Total Funds Utilized as of June 30, 2026: ₹672.24 crore
- Utilized at beginning of quarter (April 1, 2026): ₹603.47 crore
- Utilized during the quarter (Q1 FY27): ₹68.77 crore
Detailed Fund Utilization Against Objects
1. Funding Capital Expenditure in Subsidiary
- Original Allocation: ₹630.00 crore
- Utilized at beginning of quarter: ₹417.27 crore
- Utilized during the quarter: ₹68.77 crore
- Total utilized at end of quarter: ₹486.04 crore
- Deviation/Variation: None (₹0)
- Purpose: Investment in subsidiary Pace Renewable Energies Private Limited for setting up battery energy storage systems for a project awarded by the Maharashtra State Electricity Distribution Company Limited.
2. General Corporate Purpose
- Original Allocation: ₹115.83 crore
- Utilized at beginning of quarter: ₹114.96 crore
- Utilized during the quarter: Nil
- Total utilized at end of quarter: ₹114.96 crore
- Deviation/Variation: None (₹0)
3. Issue Expenses
- Original Allocation: ₹73.31 crore
- Utilized at beginning of quarter: ₹71.27 crore
- Utilized during the quarter: Nil
- Total utilized at end of quarter: ₹71.27 crore
- Deviation/Variation: Not applicable
Monitoring and Oversight
- Monitoring Agency: Applicable
- Monitoring Agency Name: Crisil Ratings Limited
- Audit Committee Review: The statement was reviewed and approved by the Audit Committee on August 05, 2026.
- Shareholder Approval: Not applicable as there is no deviation.
- Auditor Comments: Not applicable.
Signatories and Attestation
The disclosure is digitally signed by Meghana Manchaiah Purushotham, Company Secretary and Compliance Officer (Membership No: A42534), and countersigned by Rajavendkan P, Chief Financial Officer.