Statement of Deviation or Variation in utilization of funds raised under Regulation 32(1), 32(2) & 32(8) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Logica Infoway Ltd has submitted a Statement of Deviation confirming NIL deviation in the utilization of funds raised through preferential allotment on March 01, 2025. The company raised Rs. 16.11 crore through this issue. As of March 31, 2026, Rs. 1.60 crore has been utilized, leaving approximately Rs. 14.51 crore unutilized. The Audit Committee reviewed and the Board noted this statement at their meetings on May 12, 2026. No fresh fund raising was undertaken during FY 2025-26. The company explained a technical limitation with the XBRL utility that required them to file this statement separately in PDF format.
The NIL deviation declaration is positive for shareholders as it confirms the funds are being deployed according to the stated objectives without any unauthorized diversion. The partial utilization indicates ongoing deployment rather than any concern.