Sunteck Realty confirms no deviations or variations in the use of proceeds from the preferential issue of warrants for the quarter ended December 31, 2025 (Q3 2026). A statement confirming this, reviewed by the Audit Committee on January 27, 2026, has been enclosed, indicating adherence to the intended utilization of funds. The total amount raised through the warrant issue was ₹499.999 Crores.
Warrant Proceeds Utilization
Sunteck Realty has announced that there were no deviations or variations in the use of proceeds from its preferential issue of warrants for the quarter ending December 31, 2025 (Q3 2026). This confirmation follows a review by the Audit Committee during its meeting on January 27, 2026.
Key Financials
The total amount raised through the preferential issue of warrants was ₹499.999 Crores. According to the details, the funds were originally intended for:
- Acquisition of land, interest in land: Original Allocation ₹188 Crs, Funds Utilized ₹125 Crs.
- Deployment in projects through Company or subsidiaries: Original Allocation ₹187.99 Crs, Funds Utilized ₹0 Crs.
- General corporate purposes: Original Allocation ₹124 Crs, Funds Utilized ₹0 Crs.
The company confirms that there have been no changes to the original objects and no deviations in funds usage.
Source: BSE
