Softtech Engineers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Softtech Engineers has filed its quarterly statement on the use of money raised through two preferential issues, confirming no deviation from the stated purpose of fund utilization for the quarter ended December 31, 2025. From the October 2022 preferential issue of Rs. 33.29 crore, the company has utilized Rs. 32.14 crore so far — Rs. 23.48 crore for expanding its business in Indian and overseas markets and Rs. 8.66 crore for general corporate purposes. From the December 2024 preferential issue of Rs. 40.01 crore, Rs. 25.13 crore has been utilized toward business plan, expansion and growth initiatives. The Audit Committee reviewed and noted the statement, and the Board took it on record on February 12, 2026.
This is a routine compliance filing confirming that the company has used the money raised from investors in line with what was originally promised. There is no negative news here — no misuse or diversion of funds — which should be reassuring for shareholders. Investors may, however, note that a significant portion of the more recent 2024 preferential issue proceeds is still unutilized (about Rs. 15 crore out of Rs. 40 crore).