Rating14 Aug 2026, 03:51 pm
Gayatri Projects: Preferential Issue Proceeds Fully Utilized by June 2026
AI Summary
Gayatri Projects Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by Crisil Ratings. The report confirms that the entire proceeds from the Preferential Issue (PI) have been utilized within this quarter. The issue size was initially ₹314.00 crore, revised to ₹277.10 crore due to undersubscription. Proceeds were used for OTS settlement, working capital, and general corporate purposes. Crisil Ratings confirmed no deviation from the stated objects of the issue.
Key Highlights
- Preferential Issue proceeds fully utilized by June 30, 2026.
- Issue size revised to ₹277.10 crore from ₹314.00 crore.
- Funds used for OTS settlement, working capital, and general corporate purposes.
- Crisil Ratings confirmed no deviation from issue objectives.
- Final Monitoring Agency Report submitted as per SEBI regulations.
Price Impact
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