Dc Infotech And Communication Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
DC Infotech and Communication has filed a Regulation 32 compliance statement for the quarter ended June 30, 2025, covering three tranches of convertible warrant conversions into equity shares. The first tranche of Rs. 97.20 lakh involved 2.40 lakh warrants at Rs. 14 per warrant, the second of Rs. 2.71 crore and the third of Rs. 3.69 crore involved warrants at Rs. 54 per warrant (with 9.10 lakh warrants in the third tranche). Shareholder approval for the preferential issue was obtained on January 9, 2025. All three filings report no deviation or variation from the originally disclosed objects, with the entire amount utilised towards the company's working capital requirements.
This is a routine quarterly compliance filing confirming that proceeds from warrant conversions were used exactly as planned for working capital. It signals proper fund utilisation and corporate governance, with no negative implications for shareholders. The stock is unlikely to see any material price reaction to this disclosure.