
Corporate Governance12 Aug 2026, 08:10 pm
SoftTech Engineers Ltd: No Deviation in Fund Utilization for Q2 FY27
AI Summary
SoftTech Engineers Ltd has filed a Statement of Deviation and Variation for the quarter ended June 30, 2026, concerning the utilization of proceeds from preferential issues dated October 5, 2022, and December 23, 2024. The company reported no deviation or variation in the use of funds for both issuances. The total amount raised was ₹33,28,90,000 from the first issue and ₹40,01,39,190 from the second. Funds were utilized for business expansion, and general corporate purposes, as per the original objects. The statements were reviewed by the Audit Committee and taken on record by the Board of Directors on August 12, 2026.
Key Highlights
- No deviation reported in fund utilization for preferential issues.
- Funds raised were used for business expansion and general corporate purposes.
- Total funds raised across two issues amounted to over ₹73 crore.
- Statements reviewed by Audit Committee and Board on August 12, 2026.
Price Impact
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