Softtech Engineers Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

SoftTech Engineers Limited has submitted its Statement of Deviation and Variation regarding the utilization of funds raised through preferential issues totaling Rs. 99.99 crore and Rs. 145.39 crore. For the quarter ending September 30, 2024, the statement indicated no deviations in the use of funds as per the original objectives, which include building a marketing team for U.S. market penetration and supporting business expansion. The Audit Committee and Board have noted the report, reflecting a stable financial management strategy. This suggests a positive outlook for investor confidence, as the company's adherence to its funding strategy may mitigate potential risks.