
Regulatory29 May 2026, 05:21 pm
ACS Technologies: NIL Deviation in Funds Utilization
AI Summary
ACS Technologies Ltd submitted a "NIL" statement confirming no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended March 31, 2026. The funds, amounting to ₹129,81,25,000, were raised on December 1, 2025, and monitored by Care Rating Limited. The company confirms that the proceeds were used as intended, with no deviations in the original allocation for product development, market expansion, recruitment, strategic acquisitions, working capital, and general corporate purposes.
Key Highlights
- ACS Technologies reports no deviation in use of preferential issue funds.
- ₹129.81 Cr raised via preferential issue on December 1, 2025.
- Report filed for quarter ended March 31, 2026, as per SEBI regulations.
- Care Rating Limited served as the monitoring agency.
- Funds allocated for product development, market expansion, and other purposes.
Price Impact
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