Rights Issue29 May 2026, 04:52 pm
Capricorn Systems: No Deviation in Rights Issue Proceeds
AI Summary
Capricorn Systems Global Solutions Ltd reports no deviation or variation in the utilization of funds raised through its Rights Issue of Equity Shares for the quarter ended March 31, 2026. The total funds raised were ₹23.98 Crores. The funds were allocated to working capital (₹18.00 Crores), general corporate purposes (₹5.48 Crores), and issue expenses (₹0.50 Crores). The Audit Committee confirmed the proper utilization of funds.
Key Highlights
- Capricorn Systems confirms no deviation in Rights Issue fund utilization for Q4 FY26.
- Total funds raised through the Rights Issue amounted to ₹23.98 Crores.
- Funds allocated to working capital (₹18.00 Cr), general corporate purpose (₹5.48 Cr), and issue expenses (₹0.50 Cr).
- Audit Committee noted no deviation or variation in the utilization of funds raised.
Price Impact
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