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 delivered impressive financial results in Q3, demonstrating strong operational performance across key metrics. The real estate developer reported significant growth in both profitability and revenue generation during the quarter.

Financial Performance Overview

The company's consolidated financial results showed robust growth momentum with net profit and revenue both registering substantial increases compared to the same period in the previous year.

Profitability Growth

Sunteck Realty's consolidated net profit reached ₹582.00 million in Q3, marking a notable 37% increase from ₹425.20 million recorded in the corresponding quarter of the previous year. This growth in profitability demonstrates the company's ability to effectively manage costs while expanding its business operations.

Revenue Performance

The company's revenue performance was particularly strong, with total revenue reaching ₹3.44 billion in Q3. This represents more than a doubling of revenue compared to ₹1.62 billion in the same quarter of the previous year, translating to an impressive 112% year-on-year growth. This substantial revenue increase indicates strong demand for the company's real estate projects and successful project execution.

Market Position

The strong financial metrics reflect Sunteck Realty's solid market position in the real estate sector. The significant growth in both revenue and profitability suggests effective project management and favorable market conditions for the company's operations during the quarter.