Godrej Properties Limited — Others, 01-08-2025: Monitoring Agency Report

Godrej Properties' monitoring agency, ICRA Limited, has reported no deviation in the utilization of funds from its Qualified Institutional Placement (QIP) for the quarter ended June 30, 2025. The company raised 6,000 Cr through the QIP, with net proceeds totaling 5,921 Cr. Of this, 3,802 Cr has been utilized primarily for the acquisition of land and development rights. The remaining 2,119 Cr is currently unutilized but earmarked for stated objectives, which also include general corporate purposes. Both primary objectives remain on schedule. This update assures shareholders of transparent capital deployment.