StockWatch
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Industrial Products
Quarterly Updates13 Nov 2026, 06:30 pm

Technocrats Plasma Systems: Deviation in Fund Utilization Reported

AI Summary

Technocrats Plasma Systems Limited has filed a Monitoring Agency Report detailing deviations in the utilization of funds raised through a public issue of Rs. 60,98,40,000 on August 19, 2026. For the quarter ended September 30, 2026, the company reported a total utilization of Rs. 26.85 crore against the total funds raised. The unutilized amount stands at Rs. 34.14 crore. A key deviation noted is in the allocation for 'Funding towards long-term working capital requirements', where Rs. 18.12 crore was utilized against an original allocation of Rs. 40.00 crore. The company confirmed that the deviation is pursuant to a change in terms approved by shareholders.

Key Highlights

  • Deviation reported in fund utilization for public issue proceeds.
  • Rs. 34.14 crore remains unutilized as of September 30, 2026.
  • Working capital allocation shows significant deviation.
  • Deviation approved by shareholders.
  • Total utilization for the quarter was Rs. 26.85 crore.