Regulatory15 May 2026, 09:51 pm
LGT Business Connextions: Monitoring Agency Report
AI Summary
LGT Business Connextions Ltd (now LGT Global Hospitality Limited) submits the Monitoring Agency Report for the quarter ended March 31, 2026, as required by SEBI regulations. The report, issued by Infomerics Ratings Limited, monitors the utilization of proceeds from the public issue of equity shares. The Board noted a discrepancy in the offer documents regarding the timeline for utilization of funds, but expects proper utilization as per ongoing negotiations. Deviation from the objects is reported as Nil.
Key Highlights
- Monitoring Agency Report submitted for quarter ended March 31, 2026.
- Infomerics Ratings Limited is the Monitoring Agency.
- Deviation from the objects of the issue is reported as Nil.
- Company to utilize funds within 12 months of receipt, despite offer document discrepancy.
Price Impact
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