Statement of deviation for quarter ended March 31, 2026
CYBERTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CyberTech Systems and Software Ltd has filed a mandatory Regulation 32 statement confirming there is NO deviation or variation in the use of proceeds from its Preferential Issue of Equity Shares. The company raised Rs. 40.28 crore on December 4, 2023. As of March 31, 2026, the funds remain unutilized (Rs. 0 deployed) with the amount temporarily parked in Fixed Deposits with Banks. As of May 6, 2026, the entire amount was invested into the equity capital of the company's wholly owned US subsidiary, CyberTech Systems and Software Inc. The intended use of funds is for business expansion, general corporate purposes, investment in subsidiaries, and financing future growth including acquisitions.
No adverse signal for shareholders — funds were deployed as intended toward subsidiary investment. The pending utilization and fixed deposit parking are expected to resolve in the next quarter (Q1 of fiscal 2026-27).