Sunteck Realty Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SUNTECK · price
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Sunteck Realty Limited has filed a compliance statement confirming there are NO deviations or variations in the use of proceeds from a preferential issue of warrants. The company raised Rs. 499.999 Crores through convertible warrants on 5th December 2025. During Q4 (ending March 2026), the company received and fully deployed Rs. 11.25 Crores from the exercise of 3,52,941 convertible warrants. The remaining 75% of warrants (1,14,11,764 warrants) will be received upon conversion within the 18-month tenure. Funds are allocated for land acquisition (Rs. 188 Crores), project deployment (Rs. 187.99 Crores), and general corporate purposes (Rs. 124 Crores). The statement was reviewed by the Audit Committee and monitored by India Ratings & Research Private Limited.
No negative impact on shareholders. This is a routine regulatory filing confirming proper utilisation of Rs. 500 Crores raised via warrant issuance, with all proceeds deployed as intended. The staggered receipt structure for warrant conversion is proceeding as planned.