BSECompany Update22h ago · 21 Jul 2026, 06:42 pm
Monitoring Agency Report for the quarter ended 30th June, 2026.
Sunteck Realty Ltd · 512179
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Sunteck Realty Ltd has received a Monitoring Agency Report for the quarter ended 30th June, 2026, from India Ratings & Research Private Limited, regarding the utilization of proceeds from the preferential issue of warrants convertible into equity shares.
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Sunteck Realty Ltd - 512179 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Sunteck Realty Ltd.
Date: 21st July, 2026
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Tower,
Bandra-Kurla Complex, Bandra (East), Dalal Street,
Mumbai - 400 051 Mumbai - 400 001
Symbol: SUNTECK Scrip Code: 512179
Sub: Monitoring Agency Report for the quarter ended 30th June, 2026
Dear Sir/ Madam,
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we are enclosing herewith the Monitoring Agency Report for the quarter
ended 30th June, 2026, issued by India Ratings & Research Private Limited in relation to the
preferential issue of warrants convertible into equity shares of the Company.
This is for your information and records.
Yours sincerely,
For Sunteck Realty Limited
Rachana Hingarajia
Company Secretary
(ACS: 23202)
Encl: a/a
5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890
Website: www.sunteckindia.com CIN: L32100MH1981PLC025346 Email ID: cosec@sunteckindia.com
Date: 21st July 2026
Sunteck Realty Limited.
5th Floor, Sunteck Centre, 37-40,
Subhash Road, Vile Parle (East),
Mumbai – 400057.
Subject: Monitoring Agency Report for the quarter ended 30th June 2026 in relation to preferential issue.
Dear Sir,
Pursuant to Regulation 162A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018
(“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 04th September 2025, please find
enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards
utilization of proceeds of preferential issue, for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking You,
For and on behalf of India Ratings & Research Private Limited
Name: Shrikant Dev
Designation: Company Secretary
India Ratings & Research Private Limited A Fitch Group Company
Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049
Report of the Monitoring Agency (MA)
Name of the issuer: Sunteck Realty Limited
For quarter ended: 30th June 2026
Name of the Monitoring Agency: India Ratings & Research Private Limited
(a) Deviation from the objects: No deviation from the objects.
Based on the Management undertaking and other documents/certificates provided to us, no deviation
from the object has been observed.
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no
independent verification of any information/ certifications/ statements it receives. This Report is not
intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever,
for loss or damage from the use of the said information. The views and opinions expressed herein do not
constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing
mentioned in this report is intended to or should be construed as creating a fiduciary relationship between
the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also
do not act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit-related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring
and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our
comments, where applicable. There are certain sections of the report under the title “Comments of the
Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board
of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the
report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no
responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary)
Date: 21st July 2026.
Page 1 of 7
1) Issuer Details:
Name of the issuer: Sunteck Realty Limited (“the Company”)
Names of the promoters/promoters • Kamal Khetan
group: • Manisha Kamal Khetan
• Akrur Kamal Khetan
• Anupma Kamal Khetan
• Shanti Shrigopal Khetan
• Samagra Wealthmax Private Limited
• Eskay Infrastructure Development Private
Limited
• Glint Infraprojects Private Limited
• Starteck Infraprojects Private Limited
• SW Capital Private Limited
• Bhuwalka Steel Industries Limited
• Starteck Finance Limited
• Chitta Finlease Private Limited
• Matrabhav Trust
• Paripurna Trust
• Astha Trust
Industry/sector to which it belongs: Real Estate Business
2) Issue Details:
Issue/offer Period: 28th November, 2025 to 5th December, 2025
Type of issue (public/rights): Convertible share warrants on preferential basis
Type of specified securities: 1,17,64,705 Shares warrants @ Rs.425 per warrant,
each convertible into one equity share of face value of
Re. 1 each.
IPO Grading, if any: Not Applicable
Issue size: INR 499.99 Crores*
The actual subscription of Convertible warrants and the amount received by the company as on
30th June 2026 is as below:
Issue subscribed Issue proceeds received as on 30th Jun’26
Value
Value (INR
Security No. Rate (INR No. Rate
Crores)
Crores)
Convertible 1,17,64,705 106.25 125.00
1,17,64,705 425 499.99
Warrants 3,52,941 318.75 11.25
Total 499.99 136.25^
^During the quarter ended December 31, 2025, the company has received INR 125.00 Crores (25%
of the value of the convertible warrants i.e. INR 106.25/warrant), as upfront
consideration/subscription amount and during quarter ended March 31, 2026, the Company
received INR 11.25 Crores (Rs. 318.75/share warrants for 3,52,941 convertible warrants).
Page 2 of 7
Further, balance 75% (INR 318.75/warrant) of 1,14,11,764 convertible warrants will be received
as and when the conversion option is exercised by the warrant holder to convert warrants into
equity shares during the tenure of 18 months of the warrant.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information /
Comments of
certifications considered by Comments of the
Particulars Reply the Board of
Monitoring Agency for Monitoring Agency
Directors
preparation of report
Management undertaking,
Whether all utilization is as per Notice to Shareholders for
Nil Utilization during
the disclosures in the Offer Yes AGM along with No Comments
the Quarter
Document? corrigendum, Relevant
Bank Statements.
Whether shareholder approval
has been obtained in case of
Management undertaking
material deviations from NA NA No Comments
expenditures disclosed in the
Offer Document?
Whether the means of finance
for the disclosed objects of the No Management undertaking No Comments No Comments
issue has changed?
Is there any major deviation
observed over the earlier No Management undertaking No Comments No Comments
monitoring agency reports?
Whether all
Government/Statutory
NA NA No Comments No Comments
approvals related to the
object(s) have been obtained?
Whether all arrangements
pertaining to technical
NA Management undertaking No Comments No Comments
assistance/collaboration are in
operation?
Are there any favorable events
improving the viability of these No Management undertaking No Comments No Com
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