Please find enclosed Monitoring Agency Report.
GODREJPROP · price
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Godrej Properties has filed its quarterly monitoring agency report for the QIP proceeds for the quarter ended March 2026. The company raised Rs 5,921 crore through a Qualified Institutional Placement in November-December 2024. Of the total proceeds, Rs 4,434 crore (75%) has been deployed - Rs 4,209 crore was carried forward from previous quarters and Rs 225 crore was deployed during Q4. The unutilized amount of Rs 1,487 crore is invested across 27 liquid mutual fund schemes (money market, savings, and ultra-short duration funds), earning Rs 105 crore in returns. Monitoring agency ICRA has confirmed no deviation from the stated objects - funds are being used for land acquisition and general corporate purposes as disclosed.
This is a routine compliance filing showing the QIP funds are being deployed as planned with no irregularities. The company has deployed three-quarters of the funds within one year, and unutilized proceeds are earning returns in safe liquid instruments. Shareholders can note that the land acquisition pipeline remains on track for the March 2028 deadline.