Suraj Estate Discloses Bank Debit Freeze And Proceeds Delays

CARE Ratings’ Q1FY27 monitoring report flags delayed working-capital deployment, ₹7,960.39 of unutilized preferential-issue proceeds, and a debit freeze on the monitoring account, requiring an alternate account. Although utilization was reported without object deviation, the report notes the issue’s viability may be affected by undersubscription and warrant forfeiture. Context: reinforces funding-pressure concerns.