Anant Raj Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the company has successfully utilized ₹350 crore out of the total ₹1,100 crore raised through its Qualified Institutional Placement (QIP). The funds are being deployed for data center development, ongoing construction projects, land acquisition, and debt repayment. No deviations from the object of the issue were noted by the monitoring agency.
Deployment of QIP Proceeds
As of March 31, 2026, Anant Raj Limited has utilized ₹350 crore of its total QIP proceeds. The gross proceeds from the issuance amounted to ₹1,100 crore, with ₹1,072.20 crore available for net utilization after accounting for ₹27.80 crore in issue-related expenses. The company has maintained a disciplined approach to fund allocation, with no reported deviations in the objects for which the capital was raised.
Strategic Investment Breakdown
The company is directing its capital toward high-growth areas in the real estate and technology infrastructure sectors:
- Data Centers: Significant progress has been made in funding the subsidiary, Anant Raj Cloud Private Limited, for developing data centers in Manesar, Panchkula, and Rai. Over ₹52 crore has been utilized toward infrastructure, structural work, and consulting.
- Ongoing Projects: Construction and expansion efforts for residential and commercial assets in Gurugram and New Delhi continue, with over ₹7 crore utilized toward development milestones.
- Land Acquisition: A substantial portion of the funds, totaling ₹45.48 crore, has been deployed for the acquisition of land and land development rights to support future growth.
- Debt Management: The company has successfully utilized ₹125 crore to fully or partially repay outstanding borrowings, including the full closure of a ₹54.83 crore loan and partial repayment of a ₹70.17 crore loan in October 2025.
Future Outlook and Financial Management
The company maintains a strong liquidity position, with ₹750 crore remaining unutilized as of the end of the quarter. These funds are currently held in a combination of fixed deposits (₹650 crore) and a dedicated monitoring account. The company remains committed to its stated objectives, with all major project timelines for data centers and construction ongoing and tracking toward completion by March 2027.
Source: BSE
