Regulatory31 Jul 2026, 06:40 pm
Sagarsoft Utilizes ₹5.08 Cr Preferential Issue Funds
AI Summary
Sagarsoft (India) Ltd has submitted a statement detailing the utilization of funds raised through a preferential issue. The company raised ₹5,08,00,000 by issuing 2,00,000 equity shares at ₹254 per share on July 26, 2021. For the quarter ended June 30, 2026, the company reported that ₹3,13,00,000 was utilized for working capital requirements, and the remaining ₹1,95,00,000 is held in fixed deposits. There was no deviation or variation reported in the utilization of these funds.
Key Highlights
- Sagarsoft utilized ₹3.13 Cr for working capital.
- Remaining ₹1.95 Cr is held in fixed deposits.
- No deviation reported in fund utilization.
- Funds were raised via preferential issue on July 26, 2021.
- Total funds raised were ₹5.08 Cr.
Price Impact
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