3i Infotech Limited has informed the Exchange about General Updates - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Deferment of schedule of implementation and deployment of funds raised through Rights Issue
3IINFOLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3i Infotech has disclosed that Rs. 8.25 crore of the Rs. 64.10 crore raised through a Rights Issue remains unutilized as of March 31, 2026, instead of being fully deployed as originally planned. The company cited operational reasons for the delay. The Board has approved extending the deployment timeline from March 31, 2026 to September 30, 2026. Of the unutilized amount, Rs. 8.01 crore was meant for working capital and Rs. 0.24 crore for general corporate purposes. The company clarified there is no change in the stated objects of the issue.
The deferment indicates slower-than-expected deployment of capital raised from shareholders, which could slightly disappoint investors expecting immediate utilization. However, the fact that no objects have changed and funds remain earmarked for working capital and corporate purposes is a neutral-to-mildly positive sign.