Hilltone Software: Deviation in Preferential Issue Fund Utilization

Hilltone Software and Gases Ltd has filed a Statement of Deviation and Variation for the quarter ended September 30, 2026, regarding funds raised through a Preferential Allotment on November 29, 2025. The total amount raised was ₹9,88,68,000. The filing indicates deviations in the utilization of funds allocated for 'Gas Engineering Division' and 'Software Division'. Specifically, the 'Gas Engineering Division' had an original allocation of ₹5,56,68,000, with ₹4,60,18,087 utilized, showing a deviation/variation of ₹96,49,913. The 'Software Division' had an original allocation of ₹2,16,00,000, with ₹1,81,50,000 utilized, showing a deviation/variation of ₹34,50,000. The filing does not provide specific explanations for these deviations or comments from the auditors.