In accordance with the Regulation 32 of SEBI lODR we herewith submit the annexure, utilisation of funds raised through issue of 2,00,000 equity shares at a price of Rs.254/- per share through ....
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Awaiting price reaction for this filing.
Sagarsoft (India) Ltd has submitted a quarterly statement on the use of funds raised through a Preferential Issue of 2,00,000 equity shares at Rs.254 per share, done on 26 July 2021, for a total of Rs.5.08 crore. The original stated purpose was further acquisition and general corporate purposes. As of 30 June 2025, the company confirms there is no deviation or variation from the stated objects. Of the Rs.5.08 crore raised, Rs.1.18 crore has been utilized for working capital requirements and the remaining Rs.3.90 crore is currently parked in Fixed Deposits. The filing is a routine SEBI LODR Regulation 32 compliance submission.
This is a routine regulatory disclosure and is unlikely to move the stock price. The fact that only about 23% of the raised funds have been actively deployed (rest in FDs) may raise mild questions about the pace of the stated acquisition plans, but since no deviation has been reported, there is no negative signal for shareholders.