Quarterly Updates14 May 2026, 01:05 pm
Suryo Foods: Monitoring Report for Quarter Ended March 2026
AI Summary
Suryo Foods & Industries Ltd submitted a Monitoring Agency Report for the quarter ended March 31, 2026, as per SEBI regulations. The report, issued by India Ratings and Research Private Limited, confirms that the proceeds from the Rights Issue of Equity Shares have been utilized appropriately for the objects mentioned in the Letter of Offer dated February 5, 2026. The report indicates no deviation from the stated objectives, based on management undertaking and auditor certificate from Sanjit Mohanty & Co.
Key Highlights
- Suryo Foods submits Monitoring Agency Report for Q4 2026.
- Report confirms no deviation in utilization of Rights Issue proceeds.
- India Ratings & Research Private Limited issued the monitoring report.
- Rights issue proceeds used for objectives in Feb 5, 2026 Letter of Offer.
- Auditor certificate from Sanjit Mohanty & Co supports no deviation.
Price Impact
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