Quarterly Updates14 May 2026, 05:31 pm
Suraj Estate: Monitoring Agency Report for March 2026
AI Summary
Suraj Estate Developers Ltd. has released a Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report pertains to the utilization of proceeds from a Preferential Issue (PI) of ₹343.39 crore. CARE Ratings, as the Monitoring Agency, declares that the report provides an objective view based on information provided by the Issuer and believed to be accurate, without performing an audit or independent verification. The report confirms no deviations from the objects of the issue.
Key Highlights
- CARE Ratings issued a Monitoring Agency Report for Suraj Estate's Preferential Issue.
- The report covers the quarter ended March 31, 2026, in compliance with SEBI regulations.
- The Preferential Issue size was ₹343.39 crore due to undersubscription.
- The report confirms no deviation from the stated objectives of the issue.
- CARE Ratings states the report is based on information provided by Suraj Estate.
Price Impact
More from SURAJEST