Statement of utilization/ Deviation of Funds of Preferential Issue for the quarter and nine months ended December 31, 2025
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Relic Technologies has confirmed to BSE that there has been no deviation or variation in the use of funds raised through its preferential issue during the quarter ended December 31, 2025. The company had allotted equity shares worth Rs. 1,317.50 Lakhs and convertible warrants worth Rs. 374.98 Lakhs on April 5, 2025, with the warrants later converted into equity shares on December 13, 2025 — taking the total amount raised to Rs. 1,692.48 Lakhs. Of this, Rs. 95 Lakhs was utilized during the October–December 2025 quarter, taking cumulative utilization to Rs. 478 Lakhs as of December 31, 2025. The proceeds are being used for stated purposes — working capital needs, investment or acquisition of entities, loans to other entities, and general corporate purposes. The Audit Committee reviewed and confirmed the utilization is in line with the original objects approved by shareholders at the March 18, 2025 EGM.
This is a routine compliance filing confirming proper use of raised funds with no misuse or diversion, which is a neutral-to-slightly-positive signal for shareholders as it reflects governance discipline. However, only about 28% of the total Rs. 1,692.48 Lakhs raised has been deployed so far, suggesting the company is deploying capital gradually as planned needs arise.