In accordance with Regulation 32 of SEBI (LODR) Regulations, 2015, we are submitting the utilisation of funds raised through issue of 2,00,000 equity shares at a price of Rs.254/- per shares ....
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Awaiting price reaction for this filing.
Sagarsoft (India) Ltd has submitted a quarterly update on how it used the money raised from a preferential issue done in July 2021. The company had issued 2,00,000 equity shares at Rs.254 per share, raising a total of Rs.5.08 crore. As of December 31, 2025, the company confirms there is no deviation from the originally stated purpose, which was for further acquisition and general corporate purposes. Out of the Rs.5.08 crore raised, Rs.1.18 crore has been utilized for working capital needs, while the remaining Rs.3.90 crore is parked in fixed deposits. The audit committee and auditors have raised no specific comments on the usage.
This is a routine compliance filing showing the company has used the funds as promised with no misuse or deviation. It is largely informational and is unlikely to have a meaningful impact on the stock price. Shareholders can take comfort that the funds remain safely deployed, with most of it still earning returns via fixed deposits.