STATEMENT OF DEVIATION AND VARIATION FOR QTR ENDED ON MARCH 2025
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Awaiting price reaction for this filing.
Hilltone Software and Gases has filed a quarterly compliance report on how it used the money raised through a preferential issue in August 2023. The company had raised Rs. 8.32 crore (Rs. 8,31,66,000) from this preferential allotment. The funds were earmarked for long-term working capital, business investments, repayment of loans, and issue expenses. As of March 31, 2025, the company has utilised Rs. 333.29 lakh for working capital, Rs. 313.77 lakh for business investments, Rs. 142.55 lakh for loan repayment, and Rs. 40.42 lakh for issue expenses — broadly matching the original purpose. The Audit Committee confirmed there is no deviation or variation, meaning the money has been spent as originally planned.
This is a routine regulatory filing confirming funds raised via the 2023 preferential issue have been used in line with stated objectives, with no misuse or diversion. Neutral to mildly positive signal for shareholders, as it reflects transparency and disciplined capital deployment.