Softtech Engineers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SOFTTECH · price
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Awaiting price reaction for this filing.
Softtech Engineers has filed a routine compliance statement under SEBI Regulation 32 covering two past preferential issues: Rs. 28.9 lakhs raised on October 5, 2022, and about Rs. 40.02 crores raised on December 23, 2024. For both issues, the company has reported 'No' deviation or variation in the use of the money raised. The 2024 funds (originally meant for business plan, expansion, and growth initiatives) and the 2022 funds (for Indian and overseas business) have been used as per the stated objects. The statement was reviewed by the Audit Committee on August 13, 2025, and noted by the Board on August 14, 2025. This is a mandatory quarterly disclosure, not an event-driven announcement.
This is a routine compliance filing with no negative signal — the company is confirming that money raised from investors is being used as originally promised, which is mildly positive for shareholder trust. No material impact on the stock is expected from this disclosure alone.