Non-applicability of Regulation 32(1) Statement of Deviation or Variation.
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PFL Infotech Ltd has submitted a routine compliance intimation to BSE stating that Regulation 32(1) of SEBI's Listing Obligations and Disclosure Requirements (LODR) is not applicable for the quarter ended 30th June 2025. This regulation requires companies to report any deviation or variation in the use of funds raised through public issues, rights issues, preferential issues, or Qualified Institutional Placements (QIPs). The company clarified that it did not raise any funds through any of these routes during the reporting quarter, so there are no proceeds to track or deviations to disclose. The filing was signed by S Harish, the Chief Financial Officer. The company also noted it could not file under XBRL format as the system does not allow a NIL entry.
This is a procedural compliance filing with no material impact on shareholders or the stock price. It simply confirms that PFL Infotech did not undertake any fund-raising activity during the quarter that would require deviation reporting.