Softtech Engineers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SOFTTECH · price
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SoftTech Engineers submitted its Q4 FY26 (ended March 31, 2026) Statement of Deviation/Variation under SEBI Regulation 32 for two preferential issues. The October 2022 issue of Rs. 33.29 crore has been fully deployed (Rs. 32.14 crore utilized) with no deviation reported. The December 2024 issue raised Rs. 40.01 crore; Rs. 25.13 crore has been deployed so far, meaning approximately Rs. 14.88 crore remains unutilized. No formal deviation or variation in fund usage was reported for either issue. The Audit Committee reviewed and noted the statements, which were then taken on record by the Board on May 26, 2026.
No immediate shareholder concern — funds are being deployed as intended for business expansion and growth. The significant unutilized balance from the December 2024 issue warrants monitoring over subsequent quarters.