Suraj Estate Developers Limited — Others, 02-08-2025: Monitoring Agency Report

Suraj Estate Developers' latest monitoring report confirms the full utilization of the Rs. 293.51 Cr received from its preferential issue as of June 30, 2025, within the expected timeline. The total revised issue size, post undersubscription, stands at Rs. 343.39 Cr. The company utilized Rs. 5.60 Cr for working capital this quarter, with a net utilization of Rs. 2.60 Cr after a Rs. 3 Cr refund. A key point for investors: the current share price of Rs. 369.15 is significantly below the Rs. 750 warrant exercise price, potentially impacting future capital from warrants.