Monitoring Agency Report for the quarter ended 31st March, 2026
SUNTECK · price
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Sunteck Realty has filed the Monitoring Agency Report from India Ratings & Research for Q4 FY26 on its preferential issue of 1.17 crore convertible warrants priced at Rs. 425 each, totaling Rs. 499.99 Crores. As of 31st March 2026, the company has received Rs. 136.25 Crores so far (Rs. 125 Crores in December 2025 and Rs. 11.25 Crores in March 2026), with the balance 75% due when warrant holders exercise conversion within 18 months. Of the amount received, the entire Rs. 136.25 Crores has been deployed towards acquisition of land and land development rights (Rs. 9.12 Crores for land and Rs. 2.13 Crores for incidental charges), while deployment in projects and general corporate purposes remains at zero. The monitoring agency confirmed no deviation from the stated objects, no major changes in means of finance, and no unfavorable events. The unutilized amount of Rs. 1,415.25 is parked in an Axis Bank current account.
This is a routine regulatory disclosure confirming that funds raised from the warrant issue are being used as disclosed, with no red flags or diversions. For shareholders, the report shows that land acquisition is the priority use of proceeds so far, but the bulk of the Rs. 500 Crore raise is yet to come in, meaning future dilution and deployment will unfold over the next 18 months.