Statement of deviation or variation of fund for the quarter ended 31.03.2026
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DC Infotech & Communication Limited has filed a statement confirming there are NO deviations or variations in the utilization of funds raised through a preferential issue of warrants converted to equity. The company raised Rs. 7.05 crore on February 12, 2026, and the funds were fully utilized during the quarter ending March 31, 2026. The proceeds were deployed as per the stated objects which include investing in properties, future expansion plans, financing growth opportunities, working capital requirements, and general corporate purposes. The Audit Committee reviewed the utilization and confirmed no deviations occurred.
This is a positive compliance signal for shareholders. The company deployed the entire Rs. 7.05 crore raised as intended, with no unexplained deviations or variations in fund usage, indicating proper governance and adherence to stated objectives.