Monitoring agency reports no deviation, nil utilisation of warrant issue proceeds
Monitoring Agency Report for the quarter ended 30 September 2026 on Sunteck Realty's preferential warrant issue.
By ScoutQuest · · 2 min read
- Warrant Issue Size
- 1,17,64,705 convertible warrants at Rs.425 each, aggregating INR 499.99 Crores
- Proceeds Received So Far
- INR 136.25 Crores
- Quarterly Utilisation
- Nil utilisation of the proceeds during the quarter
What this update is
Sunteck Realty has sent stock exchanges the Monitoring Agency Report for the quarter ended 30 September 2026. The report is prepared by India Ratings & Research Private Limited and covers the company's preferential issue of convertible share warrants. A monitoring agency independently tracks whether money raised in such an issue is used for the purposes stated at the time of the issue.
The issue, as recorded
- 1,17,64,705 convertible share warrants on a preferential basis
- Each warrant is convertible into one equity share of the company
- Price: Rs.425 per warrant
- Issue size: INR 499.99 Crores
- Issue period: 28th November 2025 to 5th December 2025
Money received so far
- INR 125.00 Crores was received as the upfront subscription amount on the warrants.
- A further INR 11.25 Crores was received on part of the warrants.
- Total received as on 30 September 2026: INR 136.25 Crores.
- The balance of the warrant value on 1,14,11,764 warrants is to be received when the holder exercises the conversion option, within the 18-month tenure of the warrant.
What the monitoring agency reviewed
- Deviation from the objects: none observed
- Utilisation of proceeds during the quarter: nil
- Utilisation as per disclosures in the offer document: yes
- Change in the means of finance for the stated objects: no
- Major deviation from earlier monitoring agency reports: no
- Favourable events improving viability of the objects: no
- Unfavourable events affecting viability of the objects: no
- Other information that may materially affect investor decisions: no
What it means for a retail investor
This is a periodic status update rather than an event. It tells you that the money already collected is being tracked by an outside agency, that nothing had been spent from the proceeds in the quarter, and that the company and the agency see no departure from the stated objects. The remaining part of the issue money is still to come in, and it depends on warrant holders choosing to convert, so the share capital will rise only as and when that happens.
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More numbers
- Issue sizeINR 499.99 Crores
- Convertible warrants issued1,17,64,705
- Price per warrantRs.425 per warrant
- Upfront subscription amount receivedINR 125.00 Crores
- Further amount received on part of the warrantsINR 11.25 Crores
- Total proceeds received as on 30 September 2026136.25
- Warrants on which balance amount is pending1,14,11,764
- Warrant tenure18 months
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