Solarium Green Energy Limited has released its Monitoring Agency Report regarding the use of IPO funds.

The report confirms that the company has utilized its IPO proceeds, totaling INR 96.26 Cr net, exactly as disclosed in its offer document.

No deviation was observed in the utilization for working capital (INR 15.00 Cr) and general corporate purposes (INR 25.26 Cr). The remaining INR 56.00 Cr unutilized funds are securely held in fixed deposits.

This update assures investors of transparent and compliant fund management.