Regulatory14 Aug 2026, 06:52 pm
Suraj Estate Developers: Monitoring Report for Preferential Issue Proceeds
AI Summary
Suraj Estate Developers Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as provided by CARE Ratings Limited. The report pertains to the utilization of proceeds from a Preferential Issue (PI) amounting to Rs. 343.39 crore. The company confirms there were no deviations from the objects of the issue. The original issue size was Rs. 500.00 crore, but it was reduced due to undersubscription in shares and forfeiture of warrants. The report is submitted as per SEBI regulations and the Monitoring Agency Agreement.
Key Highlights
- Monitoring Agency Report submitted for Q2 FY27.
- No deviation from the objects of the Preferential Issue.
- Issue proceeds utilization monitored by CARE Ratings.
- Original issue size of Rs. 500 crore reduced to Rs. 343.39 crore.
- Warrants forfeited due to non-exercise of conversion option.
Price Impact
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