Business Update7 May 2026, 07:51 pm
CyberTech completes utilization of preferential allotment funds
AI Summary
CyberTech Systems and Software Ltd. announced that the funds raised through preferential allotment dated December 04, 2023, have been fully utilized as of May 07, 2026. The funds, amounting to ₹40,27,72,500, have been invested in the equity capital of its wholly-owned subsidiary, CyberTech Systems and Software Inc., USA, aligning with the objectives approved by shareholders on November 27, 2023. The utilization will be reflected in the statement of deviation for the quarter ending June 30, 2026.
Key Highlights
- CyberTech fully utilized funds from preferential allotment as of May 7, 2026.
- ₹40.27 Crore invested in CyberTech Systems and Software Inc., USA.
- Utilization aligns with shareholder-approved objectives from November 2023.
- Deviation statement for Q1 2027 will reflect fund utilization.
Price Impact
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