Expenses incurred related to IPO issue: ₹73.31 crore
Net Proceeds available for utilization: ₹745.83 crore
Monitoring Agency: Crisil Ratings Limited
Fund Utilization Details (as of September 30, 2026)
Capital Expenditure for Subsidiary Investment
Original Allocation: ₹630.00 crore
Funds Utilized at beginning of quarter: ₹486.04 crore
Funds Utilized during the quarter: ₹142.51 crore
Cumulative Utilization at end of quarter: ₹628.56 crore
Purpose: Funding company's capital expenditure requirements for 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
General Corporate Purpose
Original Allocation: ₹115.83 crore
Funds Utilized at end of quarter: ₹114.96 crore
Issue Expenses
Original Allocation: ₹73.31 crore
Funds Utilized at beginning of quarter: ₹71.24 crore
Funds Utilized during the quarter: ₹12.8 crore
Cumulative Utilization at end of quarter: ₹71.37 crore
