monitoring agency report for the quarter ended September 2025
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Indian Infotech & Software Ltd has submitted a Monitoring Agency Report from Acuité Ratings & Research for Q2 FY2025-26, tracking the use of proceeds from its Rights Issue conducted between August 6 and September 2, 2025. The company originally planned to raise INR 44.958 crores in net proceeds, but actually received INR 43.311 crores due to undersubscription, against gross proceeds of INR 44.811 crores. Of the funds raised, INR 34.50 crores earmarked for augmenting the company's capital base for lending and investment activity has been fully utilised. For general corporate purposes, INR 8.809 crores out of INR 8.811 crores has been deployed, with the remaining INR 0.001 crores sitting idle in an Axis Bank allotment account. The monitoring agency confirmed no deviation from stated objects, no material issues, and no change in means of finance.
This is a routine compliance filing that reassures shareholders that Rights Issue funds are being used as promised, with nearly 100% deployment already completed. The slight undersubscription of the Rights Issue is a minor negative, but the disciplined fund usage supports confidence in management; no immediate stock price impact is expected.