Gayatri Projects: Crisil final MA report, Rs 277.10 cr fully utilized
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Crisil Ratings filed the final Monitoring Agency Report for Gayatri Projects Preferential Issue for Q1FY27. The company raised Rs 277.10 crore, revised down from Rs 314 crore due to undersubscription, and fully utilized the entire amount. Uses: Rs 145 crore for OTS loan repayment, Rs 82.84 crore for working capital, and Rs 49.26 crore for general corporate purposes. No deviation from stated objects. GCP covered interest payments, a corporate guarantee settlement, and repayments to related parties Deep Land Holdings and Maheshwari Hotels. This is the final MA report.
Final MA report closes the preferential issue monitoring. All Rs 277.10 cr fully deployed as planned with no deviations. GCP included repayments to related parties.