Anant Raj Limited has released its Monitoring Agency Report for the quarter ended September 30, 2026. Prepared by Infomerics Valuation and Rating Limited, the report confirms that the utilization of proceeds from the Qualified Institutional Placement (QIP) aligns with the objects disclosed in the offer document. The company has provided necessary information to the monitoring agency, and no material deviations have been noted regarding the expenditure of funds.
Anant Raj Limited Issues Monitoring Agency Report
Anant Raj Limited has submitted its Monitoring Agency Report for the quarter that concluded on September 30, 2026. The report, prepared by Infomerics Valuation and Rating Limited, serves as a compliance document detailing the utilization of funds raised through a Qualified Institutional Placement (QIP).
Key Findings of the Report
According to the report, the utilization of the QIP proceeds by Anant Raj Limited has been in accordance with the disclosures made in the offer document. The Monitoring Agency confirmed that the company’s expenditure aligns with the stated objects of the issue. Specific details regarding the progress of various objects, such as investments in subsidiaries for data center development, construction of ongoing and proposed projects, and acquisition of land or land development rights, are outlined. The report also addresses the status of repayment of borrowings and general corporate purposes.
Utilization of Funds
The report provides a breakdown of the utilization of funds across different project categories. For the quarter ending September 30, 2026, a significant portion of the QIP proceeds was allocated towards the development of data centers and funding of ongoing and proposed projects. Investments were made in the subsidiary, Anant Raj Cloud Private Limited, for setting up cloud infrastructure and related services. Funds were also utilized for the construction of commercial projects and the expansion of existing facilities. A notable amount was directed towards the repayment and pre-payment of outstanding borrowings. The utilization of funds for General Corporate Purposes (GCP) has also been detailed, with no expenditure incurred under GCP during Q2-FY27.
Monitoring and Compliance
Infomerics Valuation and Rating Limited, acting as the Monitoring Agency, has verified the information provided by Anant Raj Limited through various certifications and documents, including Chartered Accountant certificates and bank statements. The report indicates that there have been no deviations observed from the expenditure disclosed in the offer document. Furthermore, the company has obtained necessary government and statutory approvals related to its projects. The report assures that the company is adhering to the terms of the Monitoring Agency Agreement and relevant SEBI regulations.
Availability of Report
The aforesaid monitoring report is also available on the company’s website, www.anantrajlimited.com, for public access.
Source: BSE
