Suraj Estate Developers Limited — Others, 28-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Suraj Estate Developers Limited has announced a revision in the utilization of Rs. 343.39 Cr raised through its preferential issue, lower than the initially planned Rs. 500 Cr. The adjusted fund allocation now includes Rs. 97.06 Cr for land acquisition and development rights, Rs. 121.99 Cr for working capital, and Rs. 74.47 Cr for general corporate purposes. Total utilization for the reported quarter is Rs. 293.52 Cr. The changes maintain the original objectives but reflect a scaled-down fund deployment aligned with the actual proceeds.