Please find enclosed Monitoring Agency Report for the quarter ended March 31, 2026.
GODREJPROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godrej Properties submitted its Q4 FY26 monitoring agency report (ICRA Limited) for the Qualified Institutional Placement conducted in November-December 2024, which raised ₹5,921 crore (net). Of this, ₹4,434 crore has been deployed so far — ₹4,209 crore on land acquisition/development rights and ₹224 crore on general corporate purposes. The remaining ₹1,486 crore is invested in liquid/money market mutual funds, earning ₹105 crore in returns. Net proceeds came in ₹6 crore higher than planned due to lower issue expenses. The GCP bucket was slightly revised upward from ₹615 crore to ₹621 crore to reflect this saving. ICRA confirmed no deviations from the offer document objects and all deployment checks (CA certificate, bank statements, management confirmations) were satisfactory. No delays are reported — both objects remain on schedule for March 2028.
The filing is a routine compliance update confirming that QIP proceeds are being deployed as disclosed with no material deviations. No concerns for shareholders; the unutilized funds are productively parked in short-term debt funds earning ~6-7% returns.