Statement of Deviation or Variation in utilization of funds raised under Regulation 32(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Logica Infoway Ltd has filed a compliance statement confirming there is NIL deviation or variation in the use of funds raised through a preferential allotment of shares made on March 1, 2025. The company raised ₹16.11 crore through this preferential issue, of which ₹14.36 crore (around 89%) had been utilized as of September 30, 2025. The funds are being deployed for the originally stated purposes: capital expenditure for business expansion, working capital requirements, and general corporate purposes. Both the Audit Committee and the statutory auditors have confirmed that there is no deviation or variation in the end-use of the proceeds. This is a routine half-yearly SEBI compliance filing under Regulation 32(1) of the LODR Regulations, 2015, applicable to the company as an SME-listed entity.
This is a neutral to mildly positive compliance disclosure for shareholders, as it confirms that the money raised from investors is being used exactly as promised with no diversion. No material change in business outlook or stock price is expected from this filing, though it reinforces management's governance credibility.