Arihant Foundations: No Deviation in Issue Proceeds Utilization
Arihant Foundations & Housing Ltd has filed its Monitoring Agent Report for the quarter ended September 30, 2026. ICRA Limited, the monitoring agency, has confirmed that there has been no deviation in the utilization of the issue proceeds from the stated objects of the issue. The total net proceeds of ₹108.60 Crore (₹65.55 Crore from Equity shares and ₹43.05 Crore from warrants) have been utilized in line with the objects. The report was reviewed by the Audit Committee and taken on record by the Board of Directors.
Key Highlights
- Monitoring Agent Report for Q2 FY27 filed.
- No deviation reported in utilization of issue proceeds.
- Total proceeds of ₹108.60 Crore utilized as per objects.
- Report reviewed by Audit Committee and Board.
- ICRA Limited acted as Monitoring Agency.
Price Impact
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