Rights Issue7 Nov 2026, 06:10 pm

Capricorn Systems Utilizes Rights Issue Funds Fully by Sep 2026

AI Summary

Capricorn Systems Global Solutions Ltd has reported the utilization of its rights issue proceeds for the quarter ended September 30, 2026. The company raised Rs. 23,97,60,000 (Rs. 23.98 Crores) through a rights issue on February 25, 2026. The funds were allocated to Working Capital Requirements (Rs. 18.00 Crores), General Corporate Purpose (Rs. 5.68 Crores), and Issue Expenses (Rs. 0.30 Crores). The company confirmed that there was no deviation or variation in the use of funds. The entire amount has been utilized as of September 30, 2026. An adjustment was made between Issue Expenses and General Corporate Purposes, with the difference being utilized for working capital requirements, as permitted.

Key Highlights

Rights issue proceeds of Rs. 23.98 Crores fully utilized by September 30, 2026.
No deviation or variation reported in the utilization of funds.
Funds were allocated to working capital, general corporate purposes, and issue expenses.
Adjustment between issue expenses and general corporate purposes was made.
Audit Committee and auditors confirmed no issues with fund utilization.

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CAPRICORN

Diversified Commercial Services

CAPRICORN SYSTEMS GLOBAL SOLUTIONS LTD.

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