Rights Issue22 May 2026, 10:51 pm
Adroit Infotech: No Deviation in Rights Issue Funds
AI Summary
Adroit Infotech Ltd reports no deviations or variations in the utilization of funds raised through its Rights Issue for the year ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The funds, raised on February 14, 2025, amounting to ₹4572.07 Lakhs, were utilized as per the object clause of the prospectus dated January 19, 2024. The Audit Committee reviewed and the Board took on record the statement on May 22, 2026. Unutilized funds are held in an Axis Bank account.
Key Highlights
- Adroit Infotech reports no deviation in Rights Issue fund utilization for FY26.
- Rights Issue raised ₹4572.07 Lakhs on February 14, 2025.
- Funds utilized as per prospectus dated January 19, 2024.
- Audit Committee reviewed the fund utilization statement.
- Unutilized funds are held in an Axis Bank account as of March 31, 2026.
Price Impact
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