Monitoring Agency Report for the quarter ended December 2025
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Awaiting price reaction for this filing.
Indian Infotech & Software Ltd submitted a Monitoring Agency Report for Q3 FY26 (quarter ended 31 December 2025), prepared by Acuité Ratings & Research, covering utilization of proceeds from its Rights Issue held between 6 August and 2 September 2025. The company aimed to raise INR 44.958 crore in net proceeds but actually received INR 43.311 crore due to undersubscription of the issue. Of this, INR 34.50 crore was earmarked to augment the company's capital base for lending and investment activity, and INR 8.811 crore was for general corporate purposes. Both objects have been essentially fully deployed, with INR 34.50 crore fully utilized under Object 1 and INR 8.809 crore utilized under Object 2, leaving only INR 0.001 crore idle in the Axis Bank Rights Issue allotment account. The Monitoring Agency found no deviation from the stated objects, no change in means of finance, no major deviation from earlier reports, and no favorable or unfavorable events affecting viability of the objects.
This is a routine SEBI compliance filing confirming that the Rights Issue money has been spent exactly as promised to shareholders. The minor undersubscription means the company received about INR 1.65 crore less than originally planned, but no governance red flags were raised. Neutral for the stock; useful mainly for investors tracking how the company deploys capital raised from them.