Regulatory13 Aug 2026, 04:44 pm
Hilltone Software & Gases: Deviation in Fund Utilization for Q2 2026
AI Summary
Hilltone Software and Gases Ltd has filed its Statement of Variation and Deviation for the quarter ended June 30, 2026, concerning funds raised through a Preferential Allotment on November 29, 2025. The total amount raised was ₹9,88,68,000. The report indicates deviations in the utilization of these funds. Specifically, for the 'Gas Business' object, the original allocation was ₹2,16,00,000, with ₹98,00,000 utilized in this quarter, and ₹0.00 deviation. For the 'Software Division', the original allocation was ₹5,56,68,000, with ₹2,16,00,000 utilized in this quarter, showing a deviation of ₹0.00. The filing was reviewed by the Audit Committee on August 13, 2026.
Key Highlights
- Statement of Deviation/Variation filed for Q2 2026.
- Funds raised via Preferential Allotment on Nov 29, 2025.
- Total funds raised: ₹9,88,68,000.
- Deviations noted in fund utilization for specific business segments.
- Report reviewed by Audit Committee on Aug 13, 2026.
Price Impact
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