Sri Lotus Developers IPO Proceeds Utilized as per SEBI Norms

Sri Lotus Developers and Realty Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report confirms that the utilization of proceeds from the company's Initial Public Offer (IPO), which raised Rs. 792 crore, has been in line with the stated objects. The monitoring agency reviewed various documents including CA certificates, management certificates, invoices, and bank statements to ascertain the proper utilization of funds. There were no deviations reported from the objects of the issue during the specified quarter.