Regulatory23 Jul 2026, 10:20 pm
CyberTech Systems Confirms No Deviation in Fund Use for Qtr Ended June 30, 2026
AI Summary
CyberTech Systems and Software Ltd has filed a statement confirming no deviation or variation in the use of proceeds from its Preferential Issue of Equity Shares for the quarter ended June 30, 2026. The company reported that Rs. 40,27,72,500/- has been invested in the equity capital of its wholly owned subsidiary, CyberTech Systems and Software Inc., US, as of May 06, 2026. The funds raised on December 04, 2023, have been fully utilized as per the objects approved by shareholders, which included business expansion, general corporate purposes, and investments in subsidiaries.
Key Highlights
- No deviation reported in the use of preferential issue funds for Q2 FY27.
- Rs. 40.28 Cr invested in US subsidiary CyberTech Systems and Software Inc.
- Funds raised on Dec 04, 2023, fully utilized by May 06, 2026.
- Utilization aligns with approved objects: expansion, subsidiaries, growth.
- Statement filed as per SEBI (LODR) Regulations, 2015.
Price Impact
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