Submission of "NIL" Statement of deviation or variation in utilization of funds raised.
ACSTECH · price
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ACS Technologies Limited has submitted a nil deviation statement for funds raised via a preferential issue on 1st December 2025. The company raised Rs 129.81 crore (Rs 129,81,25,000) and confirms no deviation or variation occurred in the utilization of proceeds as of Q4 ended 31st March 2026. Of the total, Rs 31.01 crore (approximately 24%) has been deployed so far across planned objectives including product development, market expansion, recruitment, strategic acquisitions, and working capital. The monitoring agency, Care Rating Limited, is overseeing the fund utilization. The Audit Committee has reviewed and confirmed no issues.
Positive signal for investors — the company is using the raised capital as committed, with no deviation reported. This reinforces accountability and compliance under SEBI regulations.