Sunteck Realty has released its Monitoring Agency Report for the quarter ended December 31, 2025. The report, issued by India Ratings & Research, covers the utilization of proceeds from a preferential issue of warrants convertible into equity shares. The monitoring agency observes no deviations from the stated objectives for the quarter.
Monitoring Agency Findings
India Ratings & Research Private Limited, the monitoring agency, stated in its report dated January 27, 2026, that there were no deviations from the objects of the preferential issue.
Preferential Issue Details
As of December 31, 2025, the company received ₹125.00 crores against the issue of 1,17,64,705 convertible warrants. Each warrant is priced at ₹425, and 25% of the value (₹106.25 per warrant) has been received as upfront consideration.
Planned Use of Proceeds
The funds are earmarked for:
- Acquisition of land and land development rights: ₹188.00 crores
- Deployment in projects through company or subsidiaries: ₹187.99 crores
- General Corporate Purpose: ₹124.00 crores
As of the end of Q3 2026, ₹125.00 crores have been utilized for the acquisition of land and land development rights.
Overall Status
The report indicates that there are no unfavorable events affecting the viability of the objects.
Source: BSE
