Inox Green Energy Services Limited has filed a regulatory submission confirming no deviation in the utilisation of funds raised through its preferential issue for the quarter ended 31st December, 2025. The company submitted the statement under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company has received proceeds through multiple tranches of its preferential issue program. The fund raising timeline and amounts are detailed below:

Up to the quarter ended 31st December, 2025, the company had received a total of Rs. 675.00 crores out of the total issue size of Rs. 1,050.00 crores comprising equity shares and convertible warrants.

Fund Utilisation Breakdown

The company has utilised the raised funds across three primary objectives without any deviation from the original allocation:

The debt repayment component involves repayment and pre-payment of borrowings including redemption of Non-Convertible Debentures. Investment in subsidiaries covers development of existing and new projects through equity, quasi-equity, or unsecured loans. General corporate purposes include meeting ongoing corporate requirements and contingencies.

Regulatory Compliance and Oversight

The Audit Committee reviewed and noted the nil deviation statement in their meeting held on 13th February, 2026. CARE Ratings Limited serves as the monitoring agency for the fund utilisation. Both the Audit Committee and auditors provided no additional comments on the fund utilisation pattern.

The company confirmed that the proceeds have been utilised in line with the objects of the issue as stated in the offer document. The submission was signed by Company Secretary Anup Kumar Jain and Chief Financial Officer Govind Prakash Rathor, ensuring compliance with regulatory requirements under the listing regulations.

INOX Green Energy Services Limited announced its Q3FY26 financial results on February 13, 2026, demonstrating robust performance with significant growth in revenue and profitability. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Financial Performance Highlights

The company delivered strong financial results for Q3FY26, showing substantial improvement across key metrics:

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹19,655 lakh compared to ₹14,814 lakh in the corresponding period last year, representing a growth of 32.69%. Net profit after tax for the nine-month period stood at ₹4,517 lakh versus ₹2,529 lakh in the previous year.

Board Decisions and Corporate Actions

The Board of Directors made several important decisions during their meeting held on February 13, 2026:

Shri Mukesh Manglik, aged 74 years, brings over four decades of experience in power electronics and process controls, including two decades in the wind industry. He has been associated with the INOXGFL Group since 2008, heading the Engineering and Product Development Department.

Consolidated Performance

On a consolidated basis, the company reported total income of ₹11,173 lakh for Q3FY26 compared to ₹7,398 lakh in Q3FY25. The consolidated net profit after tax reached ₹2,466 lakh, significantly higher than ₹519 lakh in the corresponding quarter of the previous year.

Segment-wise Revenue Analysis

Equity Developments

During the quarter, the company issued 75,86,206 equity shares at ₹145 per share (including premium of ₹135 per share) and allotted 1,02,500 equity shares at ₹87 per share under the Employee Stock Option Scheme 2024. The paid-up equity share capital increased to ₹37,471 lakh from ₹36,702 lakh in the previous quarter.