Suraj Estate Developers files a mandatory SEBI Regulation 32 statement confirming no deviation in the use of Rs 343.39 Cr funds raised via a preferential issue.
The company reported that warrant holders failed to pay the balance 50% of the issue price, leading to the forfeiture of Rs 49.875 Cr and 1.33 Mn warrants on April 8, 2026.
This disclosure is for the quarter ended March 31, 2026, following the fundraise completed on October 15 and 18, 2024, as per the objects approved by shareholders.