We attach herewith.
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Him Teknoforge Limited filed a quarterly disclosure showing a deviation in the use of funds raised via a preferential issue of convertible share warrants (allotted on March 27, 2025). The total original allocation was Rs. 2,868.60 lakhs across three buckets: Capex (Rs. 1,147.44 lakhs), Working Capital (Rs. 1,004.01 lakhs), and General Corporate Purposes (Rs. 717.15 lakhs). The company shifted Rs. 100 lakhs from Capex into Working Capital, revising the capex allocation to Rs. 1,047.44 lakhs and working capital to Rs. 1,104.01 lakhs. The deviation was within the 10% regulatory threshold and was already approved by shareholders via the notice dated August 5, 2024. The Audit Committee and auditors had no comments. As of September 30, 2025, the company has utilized Rs. 1,485.96 lakhs out of Rs. 1,740.38 lakhs received (including Rs. 717.15 lakhs application money for warrants), leaving Rs. 254.42 lakhs unutilized and parked in the company's cash credit accounts with banks.
Minor reallocation of Rs. 100 lakhs from Capex to Working Capital is within approved limits and unlikely to materially affect shareholders. With roughly half the funds still unutilized, investors should track whether pending capex deployment happens on schedule in coming quarters.