Adroit Infotech Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Adroit Infotech Limited has filed its quarterly statement under Regulation 32 confirming there are NO deviations or variations in the utilization of Rights Issue proceeds for the quarter ended March 31, 2026. The company raised Rs. 4,572.07 Lakhs through a Rights Issue (dated February 14, 2025). As of March 31, 2026, the company has deployed Rs. 2,100.81 Lakhs across various objects including business expansion (Rs. 450 Lakhs of Rs. 1,750 Lakhs allocated), repayment of non-current liabilities (Rs. 531.21 Lakhs), working capital (Rs. 601.06 Lakhs), general corporate purposes (Rs. 502.07 Lakhs), and issue expenses (Rs. 16.47 Lakhs). Business acquisition (Rs. 1,000 Lakhs) remains entirely unutilized. The unutilised funds are held in an account with Axis Bank.
The confirmation of no deviation is a positive signal for investors, indicating proper deployment of capital as per the prospectus. The slow utilization of business expansion and acquisition funds suggests the company is in a deployment phase and may have future M&A plans.