Sunteck Realty Limited has submitted the Monitoring Agency Report for the quarter ended September 30, 2026. This report, issued by India Ratings & Research Private Limited, details the utilization of proceeds from the company’s preferential issue of warrants convertible into equity shares. The submission complies with SEBI regulations and provides stakeholders with transparency on fund utilization.
Monitoring Agency Report Filed
Sunteck Realty Limited announced the submission of its Monitoring Agency Report. This report covers the financial quarter ending September 30, 2026. It has been prepared by India Ratings & Research Private Limited, the appointed monitoring agency.
Report Details and Compliance
The report pertains to the preferential issue of warrants that are convertible into equity shares of Sunteck Realty. The monitoring agency’s role is to oversee and report on the utilization of the funds raised from this issue. The submission aligns with the company’s commitment to regulatory compliance and stakeholder transparency as mandated by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Findings from the Report
According to the report, there has been no deviation from the objects of the preferential issue. Based on the management’s undertaking and other provided documents, the utilization of funds has been observed to be in line with the stated objectives. The report also confirms that as of September 30, 2026, the total amount raised from the preferential issue of convertible warrants was INR 499.99 Crores, with proceeds received amounting to INR 136.25 Crores.
Specifically, the report details the cost of objects to be monitored, including ‘Acquisition of land, interest in land and/or land development rights’, ‘Deployment in projects’, and ‘General Corporate Purpose’, totaling INR 499.99 Crores. Progress in the objects indicates that utilization as of September 30, 2026, was INR 136.25 Crores, with INR 0.00 Crores remaining unutilized for the quarter.
The report also addresses the deployment of unutilized issue proceeds, noting an investment of ₹0.00 Crores in Axis Bank (Current Account) as of September 30, 2026. Furthermore, the ‘Delay in implementation of the object(s)’ section indicates that the acquisition of land and deployment in projects are ‘On-going’ with no reported delays.
Source: BSE
