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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Infotech & Software Ltd submitted its Q4 FY 2025-26 Monitoring Agency Report for a Rights Issue that raised INR 43.31 Crs (vs. planned INR 44.96 Crs due to undersubscription). Acuité Ratings & Research Limited confirmed no major deviation from the disclosed objects of the issue. The capital augmentation (INR 34.50 Crs) and issue expenses (INR 1.50 Crs) were fully utilized. However, the Monitoring Agency raised concerns: the company delayed providing information to the MA, causing an earlier report to be qualified as 'Non-Cooperation'. Additionally, INR 12,520 (part of General Corporate Purpose funds) was credited but the MA could not trace its actual utilization or establish the end use of these funds.
While no formal deviation was reported, the company's delayed compliance and unclear documentation of INR 12,520 usage raises minor concerns about fund tracking transparency. The undersubscription of the rights issue may also indicate limited investor confidence.