Regulatory12 May 2026, 10:51 pm
Logica Infoway: No Deviation in Funds Utilization for H1 FY26
AI Summary
Logica Infoway Ltd reports no deviation or variation in the utilization of funds raised through preferential allotment of shares on March 1, 2025, for the half-year ended March 31, 2026. The company is still utilizing the issue proceeds raised during FY 2024-25 and is submitting the Statement of Deviation/Variation as per SEBI (LODR) Regulations, 2015. The Audit Committee reviewed and the Board noted the NIL deviation at their meetings held on May 12, 2026.
Key Highlights
- No deviation in utilization of funds raised through preferential allotment.
- Issue proceeds from FY 2024-25 are still being utilized.
- Statement of NIL deviation reviewed by Audit Committee and noted by the Board on May 12, 2026.
- Company complies with Regulation 32(1), 32(2) & 32(8) of SEBI (LODR) Regulations, 2015.
Price Impact
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