GMR Power and Urban Infra: Monitoring Agency Report for Q2 FY27
GMR Power and Urban Infra Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, covers the utilization of funds raised through a preferential issue of equity shares and convertible warrants, amounting to Rs. 1200 crore. The company has confirmed that there have been no deviations from the stated objects of the issue. As of September 30, 2026, Rs. 900.00 crore of the issue size had been received, and all utilized funds were in line with the disclosures made in the offer document. The report also notes that the convertible warrants were issued at a price higher than the prevailing market price.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- No deviation from preferential issue objects confirmed.
- Rs. 900 Cr received out of Rs. 1200 Cr issue size.
- Funds utilized as per offer document disclosures.
- Warrants issued above market price.
Price Impact
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