Business Update26 May 2026, 07:02 pm
Him Teknoforge: Deviation in Preferential Issue Proceeds
AI Summary
Him Teknoforge Ltd reported a deviation in the use of proceeds from its preferential issue of equity shares on conversion of share warrants. As of March 31, 2026, ₹2,473.50 Lakhs has been utilized out of the ₹2,868.60 Lakhs raised. The unutilized funds of ₹395.10 Lakhs are temporarily parked in the company's cash credit accounts. The deviation is within 10% of the earlier disclosed object and was disclosed in the shareholder notice dated 05.08.2024.
Key Highlights
- Him Teknoforge reports deviation in use of preferential issue proceeds.
- ₹2,473.50 Lakhs utilized out of ₹2,868.60 Lakhs raised as of March 31, 2026.
- Unutilized funds of ₹395.10 Lakhs are parked in cash credit accounts.
- Deviation is within 10% of disclosed object and previously disclosed to shareholders.
Price Impact
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