StockWatch
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IT Enabled Services
Rights Issue4 Aug 2026, 07:01 pm

Adroit Infotech: No Deviation in Rights Issue Fund Use for Q1 FY27

AI Summary

Adroit Infotech Ltd has reported no deviations or variations in the utilization of funds raised through its Rights Issue for the quarter ended June 30, 2026. The company raised ₹4606.15 Lakhs on February 14, 2025. The statement, reviewed by the Audit Committee and taken on record by the Board, confirms that funds were utilized as per the original objects outlined in the prospectus. Unutilized funds as of June 30, 2026, are held in an account with Axis Bank. The report covers the period up to June 30, 2026, for the financial year ending the same date.

Key Highlights

  • No deviation in rights issue fund utilization for Q1 FY27.
  • Funds raised via rights issue on Feb 14, 2025, amounted to ₹4606.15 Lakhs.
  • Utilization aligned with original objects stated in the prospectus.
  • Unutilized funds are held in an Axis Bank account.
  • Statement reviewed by Audit Committee and Board.