Quarterly Result14 Feb 2026, 03:24 pm
Indian Infotech & Software Ltd: No Deviation Observed in Utilization of Funds from Rights Issue
AI Summary
Indian Infotech & Software Ltd has utilized the funds raised through its Rights Issue, as per the objects of the issue, according to the Monitoring Agency Report by Acuité Ratings & Research Limited. The company had aimed to raise net proceeds of INR 44.958 Crores but received INR 43.311 Crores against the subscription of the Rights Issue. The cost was revised due to undersubscription.
Key Highlights
- Indian Infotech & Software Ltd has utilized the funds raised through its Rights Issue as per the objects of the issue
- The company had aimed to raise net proceeds of INR 44.958 Crores but received INR 43.311 Crores against the subscription of the Rights Issue
- The cost was revised due to undersubscription of the Rights Issue
- Acuité Ratings & Research Limited did not observe any deviation in the utilization of funds
- The report was prepared based on the information provided by the issuer and sources believed to be accurate and reliable
Price Impact
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