No Deviation in Use of Rs 47 Cr Right Issue Funds by Kretto Syscon
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kretto Syscon has confirmed no deviation or variation in the use of funds raised through its Right Issue dated 18 November 2024. Total amount raised was Rs 47.04 crore. All funds have been utilized as per original objects: Rs 24 crore for working capital, Rs 15 crore for software acquisition, Rs 7.29 crore for general corporate purposes, and Rs 0.75 crore for issue expenses. The Audit Committee reviewed and approved this on 24 April 2025. This is a routine regulatory filing under SEBI LODR Regulation 32 for the quarter ended 31 March 2025.
Confirms right issue funds used as promised. No negative surprise for shareholders. Routine compliance filing.