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Software Products
Quarterly Updates4 Nov 2026, 10:00 pm

Clio Infotech: No Deviation in Preferential Issue Fund Use for Q2 FY27

AI Summary

Clio Infotech Limited has filed a statement of deviation for the quarter ended September 30, 2026, as per SEBI regulations. The company reported no deviations or variations in the utilization of funds raised through a preferential issue. The preferential issue, comprising warrants convertible into equity shares, raised Rs. 217,500,000. As of June 30, 2026, Rs. 317,145 remained unutilized, which were subsequently utilized during the quarter ended September 30, 2026. The original objects for fund raising were project expansion and development, with a modification to include general corporate purposes. The audit committee and auditors have reviewed the statement and found no deviations.

Key Highlights

  • No deviation in preferential issue fund utilization for Q2 FY27.
  • Rs. 317,145 unutilized funds were used during the quarter.
  • Funds were raised via preferential issue of warrants.
  • Original object was expansion, modified to include general corporate purposes.