Corporate Governance26 Oct 2026, 07:50 pm
Nazara Tech: No deviation in utilization of preferential issue proceeds
AI Summary
Nazara Technologies Ltd has received its final Monitoring Agency Report from ICRA Limited for the quarter ended September 30, 2026. The report confirms that the utilization of proceeds raised through the preferential issue of 50,00,000 equity shares at ₹990 each (totaling ₹495.00 Crore) is in line with the stated objects of the issue. There has been no deviation observed in the utilization of funds. The monitoring agency, ICRA, has confirmed that the proceeds are being used as intended, providing assurance on the company's financial management regarding this specific fundraising.
Key Highlights
- Final Monitoring Agency Report received for Q2 FY2027.
- No deviation in utilization of preferential issue proceeds.
- Proceeds from ₹495 Crore preferential issue used as per objects.
- ICRA Limited acted as the Monitoring Agency.
- Report covers utilization of funds from equity share issuance.
Price Impact
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