Sunteck Realty Limited has filed its monitoring agency report for the quarter ended 31st December 2025, demonstrating compliance with regulatory requirements for its preferential issue proceeds. The report, prepared by India Ratings & Research Private Limited, provides a comprehensive overview of fund utilization and project progress.

Issue Details and Subscription Status

The company's preferential issue comprised 1,17,64,705 convertible warrants at Rs. 425 per warrant, with a total issue size of INR 499.99 crores. The warrants are convertible into equity shares with a face value of Re. 1 each.

The company received 25% of the warrant value as upfront consideration, totaling INR 125.00 crores. The remaining 75% (INR 318.75 per warrant) will be collected when warrant holders exercise conversion options within the 18-month tenure.

Fund Utilization and Object Progress

The monitoring agency report reveals that the entire received amount of INR 125.00 crores was deployed during the quarter for land acquisition activities. The funds were allocated across three primary objectives as outlined in the offer document.

A significant portion of the utilized funds (INR 96.87 crores) was deployed as reimbursement for the acquisition of 100% equity stake in an entity that owns land, aligning with the company's land acquisition objectives.

Compliance and Monitoring Assessment

The monitoring agency confirmed no deviations from the stated objects of the issue. All utilization was found to be in accordance with disclosures made in the offer document. The report indicates that no major deviations were observed compared to earlier monitoring reports.

Key Compliance Parameters:

• No deviation from disclosed objects
• Shareholder approval requirements not applicable
• No changes in means of finance for disclosed objects
• No unfavorable events affecting project viability

Implementation Timeline and Future Plans

All three objects of the issue remain on-going with no reported delays. The company has 18 months from the date of fund receipt to complete land acquisition activities and project deployment initiatives. No specific completion dates were mentioned for project deployment and general corporate purposes in the offer document.

The monitoring agency report demonstrates Sunteck Realty's systematic approach to fund deployment and regulatory compliance. With no unutilized proceeds requiring temporary deployment and clear progress on land acquisition activities, the company appears to be executing its expansion strategy as planned. The remaining warrant conversion proceeds of INR 374.99 crores will provide additional resources for completing the stated objectives over the coming months.

Sunteck realty Limited has successfully completed a strategic acquisition that strengthens its position in Mumbai's prime real estate market. The company announced the completion of its 100% stake acquisition in Shreejikrupa Hotels and Properties Private Limited on January 20, 2026, marking a significant milestone in its expansion strategy.

Acquisition Structure and Timeline

The acquisition was executed through Apricum Buildwell Private Limited (ABPL), a wholly owned subsidiary of Sunteck Realty. Following the completion of the transaction on January 19, 2026, Shreejikrupa Hotels and Properties Private Limited (SHPPL) has become a wholly owned subsidiary of ABPL and a step-down wholly owned subsidiary of the parent company.

The transaction follows the company's earlier intimation dated October 30, 2025, with all conditions precedent as per the Share Purchase Agreement now being fulfilled.

Strategic Land Asset Details

The acquired entity holds a premium land parcel that positions Sunteck Realty advantageously in Mumbai's competitive real estate landscape. The property's strategic location and development potential represent key value drivers for the acquisition.

Development Value and Market Position

The gross development value expected from this land parcel is approximately ₹2,500.00 crores, reflecting the premium nature of the asset and its strategic location near Mumbai's International Airport. This acquisition enhances Sunteck Realty's land bank with a high-value asset in one of Mumbai's most sought-after corridors.

The completion of this acquisition demonstrates Sunteck Realty's continued focus on securing prime development opportunities in Mumbai's key growth areas. The proximity to the international airport and major arterial roads positions this asset favorably for future development projects.