Softtech Engineers Ltd: No Deviation in Fund Utilization for Q1 FY27 Preferential Issues
Softtech Engineers Limited reported no deviations in fund utilization for preferential issues from October 2022 and December 2024 for the quarter ended June 30, 2026. Funds were utilized for business expansion and general corporate purposes as per the approved objects.
This is a standard regulatory filing confirming adherence to fund utilization guidelines, with no new financial information or significant corporate actions.
The announcement is a routine compliance filing stating no deviations in fund utilization, which is a neutral event.
Softtech Engineers Limited has submitted its Statement of Deviation and Variation for the quarter ended June 30, 2026, concerning the utilization of proceeds from preferential issues conducted on October 5, 2022, and December 23, 2024. The company reported that there were no deviations or variations in the use of funds raised.
The preferential issue on October 5, 2022, raised Rs. 33,28,90,000. For the quarter ended June 30, 2026, Rs. 24,47,54,158 was utilized towards the expansion of business in Indian and Overseas markets, and Rs. 8,66,28,661 was utilized for general corporate purposes. The total utilized amount for this issue is Rs. 33,13,82,819.
The preferential issue on December 23, 2024, raised Rs. 40,01,39,190. For the quarter ended June 30, 2026, Rs. 26,17,44,760 was utilized to finance its business plan, expansion, and growth initiatives. The total utilized amount for this issue is Rs. 26,17,44,760.
These statements were reviewed by the Audit Committee and taken on record by the Board of Directors on August 12, 2026.
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Softtech Engineers Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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