Anant Raj Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, prepared by Infomerics Valuation and Rating Limited, confirms that the proceeds from the Qualified Institutional Placement (QIP) have been utilized in accordance with the objects disclosed in the offer document. This report provides assurance to stakeholders regarding the proper deployment of funds raised through the QIP, amounting to Rs. 1100.00 crore.
Monitoring Agency Report for QIP Proceeds Released
Anant Raj Limited has officially released the Monitoring Agency Report concerning the utilization of funds raised through its Qualified Institutional Placement (QIP). The report, dated August 8, 2026, covers the financial quarter ending June 30, 2026. This disclosure is made in compliance with SEBI regulations, ensuring transparency in fund management.
Infomerics Valuation and Rating Limited’s Findings
The report, prepared by Infomerics Valuation and Rating Limited, acting as the Monitoring Agency, indicates that the utilization of the QIP proceeds is in line with the objectives outlined in the offer document. Specifically, the report states that there have been no deviations from the declared objects of the issue.
QIP Details and Utilization
The Qualified Institutional Placement (QIP) aggregated to Rs. 1100.00 crore. As of June 30, 2026, a total of Rs. 410.01 crore of the gross proceeds had been spent. The report details the breakdown of these funds across various objects including investment in a subsidiary for data centre development, construction of ongoing and proposed projects, acquisition of land, repayment of borrowings, and general corporate purposes. A significant portion of the funds, Rs. 690.01 crore, remained invested in fixed deposits and other liquid instruments as of June 30, 2026, indicating prudent management of unutilized capital.
Key Observations and Declarations
The monitoring agency confirmed that the utilization has been made as per the Offer Document, with no deviations from expenditures disclosed. Furthermore, the report declares that Infomerics Valuation and Rating Limited has no direct or indirect interest in or relationship with Anant Raj Limited, ensuring an objective assessment. The company also confirmed that no government or statutory approvals related to the object(s) are pending, and no significant deviations were observed over earlier reports.
Availability of Report
In line with best practices, the monitoring report is also made available on the Company’s website, www.anantrajlimited.com, for public access.
Source: BSE
