Investment13 May 2026, 11:01 pm
CyberTech invests ₹40.27 Cr in US subsidiary
AI Summary
CyberTech Systems and Software Ltd confirms no deviation in the use of proceeds from its preferential issue for the quarter ended March 31, 2026. The company invested ₹40,27,72,500 in its wholly-owned subsidiary, CyberTech Systems and Software Inc., US, as of May 6, 2026. The utilization of these funds will be reflected in the statement of deviation for the quarter ending June 30, 2026. The funds were raised on December 4, 2023, through a preferential issue.
Key Highlights
- CyberTech confirms no deviation in preferential issue proceeds for Q4 FY26.
- ₹40.27 Cr invested in CyberTech Systems and Software Inc., US.
- Investment aims to expand business, support corporate purposes, and fund growth.
- Unutilized funds temporarily parked in fixed deposits.
- Deviation statement for June 30, 2026, will reflect fund utilization.