Anant Raj Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, detailing the utilization of proceeds from its Qualified Institutional Placement (QIP) worth ₹1,100.00 crore. The report, prepared by Infomerics Valuation and Rating Limited as the monitoring agency, confirms no deviations from the stated objectives outlined in the offer document.

QIP Issue Details and Proceeds

The company successfully completed its QIP during October 7-13, 2025, issuing 1,66,16,314 equity shares at ₹662.00 per share, including a premium of ₹660.00 per equity share. The issue was fully subscribed with gross proceeds of ₹1,100.00 crore.

Utilization Progress During Q3FY26

During the quarter ended December 31, 2025, the company utilized ₹296.98 crore across five key objectives. The monitoring agency verified all expenditures through chartered accountant certificates, bank statements, and sample invoice verification.

Key Investment Areas

Data Center Development

The company invested ₹27.98 crore in its subsidiary, Anant Raj Cloud Private Limited, for developing data centers in Manesar, Panchkula, and Rai. The data centers are being developed on existing buildings with a total land area of 43.40 acres and leasable area of 5.27 million square feet. The investment includes ₹22.20 crore transferred directly from the monitoring account and ₹5.78 crore through cash credit accounts.

Construction Projects

The company allocated ₹5.91 crore for construction of ongoing and proposed projects, including:

• Development of Ashok Estate, Sector 63A, Gurugram (₹2.15 crore)
• Expansion of commercial projects in New Delhi (₹3.76 crore)

Debt Repayment

The company fully utilized ₹125.00 crore for debt repayment, including complete closure of a ₹54.83 crore loan on October 23, 2025, and partial repayment of ₹70.17 crore on October 28, 2025.

Deployment of Unutilized Funds

The remaining ₹803.02 crore has been deployed in fixed deposits with State Bank of India, earning returns between 5.20% to 5.50% per annum. The deposits have maturity dates ranging from January 16, 2026, to March 25, 2026.

Compliance and Monitoring

The monitoring agency confirmed that all utilizations align with the offer document objectives, with no material deviations observed. The company has obtained necessary statutory approvals and maintains proper documentation for all expenditures. The monitoring agency will continue to track the utilization of remaining proceeds as per SEBI regulations.

Anant Raj has announced its consolidated financial results for the third quarter, showcasing strong performance across key financial metrics. The company demonstrated robust growth in both profitability and revenue generation during the reporting period.

Financial Performance Overview

The company's consolidated financial results reveal significant year-on-year improvements in core financial indicators:

Profitability Analysis

Anant Raj's consolidated net profit reached ₹1.40 billion in the third quarter, representing a substantial increase of 27.27% compared to ₹1.10 billion recorded in the same quarter of the previous year. This growth in profitability indicates the company's effective cost management and operational efficiency during the quarter.

Revenue Growth

The company's revenue performance showed consistent strength, with consolidated revenue climbing to ₹6.40 billion from ₹5.30 billion year-on-year. This 20.75% increase in revenue demonstrates the company's ability to expand its business operations and market reach effectively.

Performance Summary

The third quarter results highlight Anant Raj's solid financial foundation, with both revenue and profit metrics showing double-digit growth rates. The company's performance reflects positive operational momentum and effective business execution during the reporting period.