Corporate Governance28 Oct 2026, 06:10 pm
Kolte-Patil Developers: Monitoring Agency Report for Preferential Issue
AI Summary
Kolte-Patil Developers Ltd has submitted the Monitoring Agency Report from CARE Ratings Limited for the quarter ended September 30, 2026. The report pertains to the utilization of proceeds from a preferential issue amounting to Rs. 417.03 crores. According to the report, there have been no deviations from the stated objects for the utilization of these funds during the quarter. The report confirms that the utilization of funds was in accordance with the disclosures made in the Offer Document, based on verification by S P C M & Associates and information provided by the company.
Key Highlights
- Monitoring Agency Report submitted for preferential issue proceeds.
- Rs. 417.03 crore preferential issue proceeds utilization reviewed.
- No deviation from stated objects for fund utilization.
- Utilization confirmed to be in line with Offer Document disclosures.
- Report issued by CARE Ratings Limited for Q3 FY27.
Price Impact
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