Statement of Deviation or variation in Utilization of Proceeds from Rights Issue of Equity Shares for the Quarter ended March 31, 2026
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions Limited raised Rs. 23.98 Crores via a Rights Issue of Equity Shares on 25th February 2026. The funds were allocated across three objects: Working Capital (Rs. 18 Crores), General Corporate Purpose (Rs. 5.48 Crores), and Issue Expenses (Rs. 0.50 Crores). As of 31st March 2026, Rs. 23.40 Crores has been utilized, with Rs. 0.58 Crores remaining unutilized (Rs. 0.36 Crores in General Corporate Purpose and Rs. 0.22 Crores in Issue Expenses). The Audit Committee has reviewed and confirmed there is no deviation or variation in the utilization of funds. The unutilized amount is held in the Monitoring Account and will be deployed in the next quarter.
No adverse shareholder impact as no deviation from stated objects was found. The small unutilized balance is normal for a recently completed issue and is expected to be deployed in the next quarter.