Quarterly Updates23 May 2026, 02:00 pm
Relic Technologies: No Deviation in Preferential Issue Funds
AI Summary
Relic Technologies Ltd confirms no deviation in the utilization of proceeds from its preferential issue for the quarter ended March 31, 2026. Equity Shares and Share Warrants were allotted on April 5, 2025, with Share Warrants converted into Equity Shares on December 13, 2025. Proceeds were utilized as per the objects stated in the EGM resolutions on March 18, 2025. The Audit Committee reviewed and confirmed the utilization with no deviations.
Key Highlights
- No deviation in utilization of preferential issue proceeds for Q4 2026.
- Equity Shares and Share Warrants allotted on April 5, 2025.
- Share Warrants converted to Equity Shares on December 13, 2025.
- Proceeds utilized according to EGM resolutions of March 18, 2025.
- Audit Committee confirms utilization is in line with issue objectives.
Price Impact
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