Business Update12 May 2026, 08:11 pm
Nazara Tech: Monitoring Agency Report for Q4 FY26
AI Summary
Nazara Technologies Ltd's Monitoring Agency Report for the quarter ended March 31, 2026, indicates no deviation from the objects of the preferential issue. ICRA Limited, the monitoring agency, confirmed that the utilization of the ₹495.00 crore proceeds from the issuance of 50,00,000 equity shares is in line with the stated objectives. The report, prepared as per SEBI regulations, does not comment on the quality, appropriateness, or reasonableness of the company's spending.
Key Highlights
- Monitoring Agency Report confirms no deviation in the use of preferential issue proceeds.
- ICRA Limited monitored the utilization of ₹495.00 crore raised through equity shares.
- Proceeds are utilized in line with the objects of the issue as of March 31, 2026.
- The report does not provide commentary on the quality or reasonableness of spending.
- ICRA was appointed as the Monitoring Agency on January 29, 2025.
Price Impact
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