No deviation in use of Rs 1,200 crore share issue funds
SANSERA · price
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ICRA reported that Sansera used its share issue money as planned for the quarter ended September 30, 2026, with no deviation. Of Rs 1,174.979 crore raised after issue costs, Rs 974.306 crore had been used, leaving Rs 225.694 crore. Most of the balance is for general corporate purposes and is held in bank deposits and a monitoring account. Debt repayment and expansion were complete, but land acquisition and remaining planned spending were delayed.
Supports investor confidence as use is on plan, but Rs 225.694 crore still unspent may postpone benefits from expansion and other projects.