Statement of Deviation(s) or Variation(s)/Funds Utilization through the rights issue for the quart/year ended 31st March 2026
ADROITINFO · price
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Adroit Infotech Limited has filed a confirmation that there are NO deviations or variations in the utilization of proceeds from its Rights Issue. The company raised Rs. 4572.07 Lakhs through a Rights Issue dated February 14, 2025. As of March 31, 2026, funds utilized total Rs. 2100.81 Lakhs across: business expansion (Rs. 450 Lakhs), paying off 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 remains unused. The statement has been reviewed by the Audit Committee and approved by the Board on May 22, 2026. Unutilized funds remain in the company's Axis Bank account.
This is a routine compliance filing with no negative implications for shareholders. The company has confirmed it is using the raised funds as per the disclosed objects in the prospectus, which is a positive indicator of fund management discipline. The remaining unutilized balance is still deployed productively in bank.