Sagarsoft Utilizes ₹5.08 Cr Raised via Preferential Issue

Sagarsoft (India) Ltd has submitted a statement detailing the utilization of funds raised through a preferential issue of 2,00,000 equity shares at ₹254 per share. The company has utilized ₹5,08,00,000 (₹5.08 Crore) for working capital requirements. The filing, in accordance with SEBI (LODR) Regulations 2015, confirms no deviation or variation in the use of funds from the original objects, which were for further acquisition and general corporate purposes. The Audit Committee and auditors have provided no specific comments.