Regulatory8 May 2026, 04:18 pm
Kolte-Patil: Preferential Issue Proceeds Utilized as of Mar 31, 2026
AI Summary
Kolte-Patil Developers Ltd. reports that the proceeds from its preferential issue, amounting to ₹417.03 crores, have been utilized as per the disclosures in the offer document for the quarter ended March 31, 2026. CARE Ratings Limited, the monitoring agency, confirms no deviations from the stated objectives. The report, submitted in compliance with SEBI regulations, provides an objective view based on information provided by the issuer and believed to be accurate.
Key Highlights
- Kolte-Patil confirms utilization of preferential issue proceeds as per offer document.
- CARE Ratings Limited acted as the monitoring agency for the quarter ended March 31, 2026.
- No deviations were observed in the utilization of the issue proceeds.
- The preferential issue amount aggregated to ₹417.03 crores.
- Monitoring Agency confirms no conflict of interest in monitoring the issue proceeds.
Price Impact
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