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S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
542759
Company
Spandana Sphoorty Financial Ltd
Exchange Received Time
04/11/2019 17:44:28
Exchange Disseminated Time
04/11/2019 17:44:32
Time Taken
00:00:04
Monitoring Agency Report Under Regulation 32 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015. |
11/04/19 17:44
Pursuant to Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that gross proceeds of fresh issue in the IPO have been fully utilised for the objects mentioned in the prospectus dated August 8, 2019 filed with the Registrar of Companies (ROC), Telangana registered on August 13, 2019, and accordingly there is no deviation / variation in utilisation of gross proceeds of fresh issue in the IPO.
Further in terms of Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Monitoring Agency Report issued by Kotak Mahindra Bank Limited (the 'Monitoring Agency') with respect to utilization of the gross proceeds of fresh issue for the quarter ended September 30, 2019 as reviewed by Audit Committee and Board of Directors at their meetings held on October 31, 2019.
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