Rossell Techsys Clarifies Preferential Issue Details to NSE

Rossell Techsys Ltd has provided additional clarification to the National Stock Exchange of India (NSE) regarding its preferential issue of 25,72,898 equity shares. The company revised the utilization of issue proceeds to include money market instruments and updated an undertaking on wilful defaulters to encompass the company itself, not just its directors and promoters. These clarifications were requested by the NSE following the company's application for in-principle approval for the preferential issue, which was previously approved by the board and shareholders.