Anant Raj Limited has announced a strategic collaboration between its wholly owned subsidiary, Anant Raj Cloud Private Limited, and Submer Technologies, S.L., a Spain-based company, to enhance AI infrastructure development across India. The partnership was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on February 8, 2026.

Strategic Partnership Overview

The collaboration focuses on developing fully operational AI-ready datacenters across India through the deployment of high-density, energy-efficient computing platforms. The partnership combines Submer's expertise in liquid-cooling technology and modular datacenter infrastructure with Anant Raj Cloud's existing data center infrastructure and cloud services capabilities.

Infrastructure and Technology Integration

The partnership leverages Submer's full-stack AI infrastructure capabilities, including modular datacenter infrastructure, liquid cooling technologies, and prefabricated MEP systems. Combined with Submer's neocloud and inference platform, InferX, the collaboration enables customers to access AI-ready infrastructure and compute through a unified, end-to-end model aligned with India's sovereignty requirements.

Anant Raj plays a foundational role in India's AI ecosystem by developing physical infrastructure for AI operations. With campuses in Manesar and Panchkula, Haryana, the company is expanding from traditional colocation and cloud services into utility-grade AI infrastructure designed for high-density, GPU-intensive workloads.

Leadership Statements and Market Context

Patrick Smets, CEO of Submer, emphasized India's pivotal moment in digital transformation, highlighting how the partnership brings high-performance AI compute online while significantly reducing environmental impact. The collaboration supports higher computing capacity within the same physical footprint and establishes a blueprint for industrialized, AI application-ready data centers that can be replicated across India.

Amit Sarin, Managing Director of Anant Raj Limited, expressed pride in leading AI adoption in India, stating that the partnership with Submer and InferX provides sustainable AI Data Center and cloud services at speed. He emphasized that the collaboration expands access to high-performance computing while advancing India's AI sovereignty goals and nurturing a scalable, homegrown ecosystem.

Company Background and Capabilities

Founded in 1969, Anant Raj Limited has evolved from a real estate institution to a key player in India's digital transformation through its data center developments. Anant Raj Cloud, the subsidiary involved in this partnership, is a rapidly growing Indian data center provider focusing on sovereign, high-density, and sustainable Tier-III infrastructure, aiming for 307 MW capacity by FY32.

Submer operates as a global AI datacenter solution provider, designing, building, and managing modular datacenter infrastructure for demanding workloads. The company's extensive experience in liquid cooling supports its ability to develop efficient, sustainable, high-density AI facilities that deliver advanced compute performance.

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.