BSECompany Update2d ago · 29 Jul 2026, 08:47 pm
Monitoring Agency Report for the quarter ended June 30, 2026 as per SEBI(LODR) Regulations, 2015
Orient Green Power Company Ltd · 533263
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Orient Green Power Company Ltd has submitted a monitoring agency report for the quarter ended June 30, 2026, as per SEBI (LODR) Regulations, 2015, regarding the utilization of proceeds from its rights issue.
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Orient Green Power Company Ltd - 533263 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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July 29, 2026
The BSE Limited The National Stock Exchange
Corporate Relations Department, of India Limited
P.J. Towers, Department of Corporate Services,
Dalal Street, Exchange Plaza, 5th Floor,
Mumbai-400 001. Bandra-Kurla Complex,
Scrip Code: 533263 Mumbai-400 051.
Scrip Code: GREENPOWER
Respected Sirs/Madam,
Sub: Monitoring Agency Report for the quarter ended June 30, 2026 as per Regulation
32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82 (4)
of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, please find enclosed Monitoring Agency Report for the
quarter ended June 30, 2026, issued by CRISIL Ratings Limited, Monitoring Agency,
appointed to monitor the utilization of proceeds for an amount of Rs. 250 crores raised
through Rights Issue.
Kindly take the above information on record.
Yours faithfully,
For Orient Green Power Company Limited
G. Srinivasa Ramanujan
Company Secretary & Compliance Officer
Monitoring Agency Report
Orient Green Power Company Limited
for the quarter ended
June 30, 2026
CRL/MAR/ONTGPCL /2026-27/1947
July 29, 2026
Orient Green Power Company Limited
Bascon Futura SV, 4th Floor, No.10/1,
Venkatanarayana Road, T. Nagar,
Chennai, Tamil Nadu - 600017
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights Issue of Orient Green
Power Company Limited (“the Company”)
Pursuant to Regulation 82(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR
Regulations”) and Monitoring Agency Agreement dated July 23, 2024, entered with the Company, we enclose the
Monitoring Agency Report, issued by Crisil Ratings Limited, as per Schedule XI of the SEBI ICDR Regulations
towards utilization of proceeds of Rights Issue for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency
Name of the issuer: Orient Green Power Company Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Orient Green Power Company Limited
Names of the promoter: a. Janati Bio Power Private Limited
b. Nivedana Power Private Limited
c. SVL Limited
d. Syandana Energy Private Limited
Industry/sector to which it belongs: Power Generation
2) Issue Details
Issue Period: Tuesday, August 27, 2024, To Friday, September 13, 2024
Type of issue (public/rights): Rights Issue
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs 25,000.00 lakh (Refer Note)
Particulars Amount (Rs. lakh)
Gross proceeds of the Fresh Issue 25,000.00*
Less: Issue Expenses 291.10
Net Proceeds 24,708.90 (Refer Note)
*Crisil Ratings shall be monitoring the gross proceeds amount.
The issue expenses of Rs 291.10 lakh were fully utilized during the quarter ended December 31, 2024.
Note: - During the quarter ended December 31, 2024, net proceeds were revised from Rs 24,807.46 lakh to Rs 24,708.90
lakh due to increase in rights issue expenses.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information /
certifications Comments of Comments of
Particulars Reply considered by the Monitoring the Board of
Monitoring Agency for Agency Directors
preparation of report
Management Utilization is in
undertaking, compliance with
Peer reviewed the Letter of
Whether all utilization is as per the
Yes Independent Chartered Offer dated No Comments
disclosures in the Offer Document?
Account Certificate^, August 06, 2024,
Final Offer Document, filed by the
Bank Statements Company
Source of information /
certifications Comments of Comments of
Particulars Reply considered by the Monitoring the Board of
Monitoring Agency for Agency Directors
preparation of report
Management
Whether shareholder approval has
undertaking, Peer
been obtained in case of material
NA reviewed Independent No Comments No Comments
deviations from expenditures
Chartered Accountant
disclosed in the Offer Document?
Certificate^
Whether the means of finance for
the disclosed objects of the issue No No Comments No Comments
has changed?
Is there any major deviation
observed over the earlier No No Comments No Comments
monitoring agency reports?
Whether all Government/statutory
approvals related to the object(s) NA No Comments No Comments
have been obtained?
The Company
Management has revised the
undertaking, terms of offer
Peer reviewed and changed
Independent Chartered EPC contractor
Accountant C ertificate^, under Object 1
in line with
Whether all arrangements
flexibility given
pertaining to technical
Yes in Letter of Offer No Comments
assistance/collaboration are in
dated August
operation?
06, 2025,
regarding which
company has
also obtained the
board approval
dated June 10,
2025
Are there any favorable events
improving the viability of these No No Comments No Comments
object(s)?
Source of information /
certifications Comments of Comments of
Particulars Reply considered by the Monitoring the Board of
Monitoring Agency for Agency Directors
preparation of report
Are there any unfavorable events
affecting the viability of the No No Comments No Comments
object(s)?
Is there any other relevant
information that may materially
No No Comments No Comments
affect the decision making of the
investors?
NA represents Not Applicable
^ Certificate dated July 20, 2026, issued by M/s T R A K & Associates., Chartered Accountants
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