Rights Issue4 Nov 2026, 07:21 pm
Adroit Infotech: No Deviation in Rights Issue Fund Utilization for Q3 FY27
AI Summary
Adroit Infotech Limited has reported that there were no deviations or variations in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2026. The company raised Rs. 4606.15 Lakhs (₹46.06 Crore) on February 14, 2025. The utilization of these funds was reviewed by the Audit Committee and taken on record by the Board on November 04, 2026. The statement confirms that funds were utilized across various objectives including business expansion, paying off liabilities, working capital, acquisition, general corporate purposes, and issue expenses, with actual utilization aligning with or falling short of original allocations, indicating no significant deviations.
Key Highlights
- No deviation in Rights Issue fund utilization for Q3 FY27.
- Funds raised on Feb 14, 2025, amounted to ₹4606.15 Lakhs.
- Utilization was reviewed by Audit Committee and Board.
- Funds allocated to business expansion, debt, working capital, and acquisitions.
- Unutilized proceeds are held in an Axis Bank account.
Price Impact
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