Sunteck Realty Limited has officially confirmed that there have been no deviations or variations in the utilization of funds raised from its preferential issue of warrants for the quarter ending September 30, 2026. This statement, reviewed by the Audit Committee, assures stakeholders of the company’s adherence to its financial commitments and capital deployment plans, providing clarity on the use of investor funds.
Sunteck Realty Confirms Fund Utilization
Sunteck Realty Limited has issued a statement confirming that there have been no deviations or variations in the utilization of funds raised through a preferential issue of warrants. This clarification pertains to the financial quarter that concluded on September 30, 2026.
Audit Committee Review
The company’s Audit Committee has reviewed this statement regarding the fund utilization. The confirmation of no deviation provides transparency to investors and stakeholders about how the capital raised from the preferential issue of warrants has been managed and allocated during the specified period.
Details of Fund Raising
The preferential issue of warrants took place on December 5, 2025, with the company raising an amount of Rs. 499.999 Crores. The original objects for which these funds were raised included acquisition of land and interest in land, land development rights, deployment in projects through the company or its subsidiaries, and general corporate purposes. The statement from Sunteck Realty indicates that the utilization has aligned with these original objectives as per the disclosures.
A detailed breakdown shows original allocations for land acquisition (Rs. 188 Crores), deployment in projects (Rs. 187.99 Crores), and general corporate purposes (Rs. 124 Crores). The funds utilized for these purposes within the quarter were 136.25 Crores for land acquisition, with 0 utilized for project deployment and general corporate purposes, aligning with the company’s stated plans and warrant conversion terms.
Source: BSE
