Monitoring agency Report for the quarter ended DECEMBER 2025
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Indian Infotech & Software Ltd has submitted the Monitoring Agency Report from Acuité Ratings & Research for the quarter ended 31 December 2025, covering the use of funds raised through its Rights Issue conducted from 6 August to 2 September 2025. The company aimed to raise net proceeds of ₹44.958 crore but actually received ₹43.311 crore due to undersubscription, leading to a revised cost allocation. Of this, ₹34.50 crore was meant for augmenting the capital base for lending and investment activity and has been fully utilised, while ₹8.811 crore was earmarked for general corporate purposes, of which ₹8.809 crore has been deployed. A negligible balance of ₹0.001 crore remains in the Rights Issue Allotment account with Axis Bank. The Monitoring Agency confirmed no deviation from the stated objects, no change in means of finance, no delays in implementation, and no favourable or unfavourable events affecting viability.
The report confirms orderly and compliant use of Rights Issue proceeds with nearly 100% deployment, which is a neutral-to-slightly-positive signal for shareholders as it shows disciplined fund utilisation. However, the undersubscription of the issue points to softer investor demand, which investors should keep in mind.