Mahindra Lifespace Developers Limited — Others, 25-07-2025: Monitoring Agency Report

Mahindra Lifespace Developers has effectively utilized funds from its Rights Issue. As of June 30, 2025, Rs. 1026.26 Cr of the Rs. 1496.28 Cr raised has been deployed. A significant portion, Rs. 784.90 Cr, was used to repay borrowings from various banks, including a recent repayment of an ABFL loan. Additionally, Rs. 198.80 Cr was invested in acquiring Shreyas Stones Private Limited, securing an 8-acre land parcel in Bangalore for future projects. The remaining Rs. 468.28 Cr is held in fixed deposits, earmarked for future land acquisitions and general corporate needs, confirming appropriate utilization of the raised capital.