ALPHA TRIBE

Fidel Softech LimitedOthers, 30-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

30-04-2025 | 01:06 pm

Fidel Softech Limited has reported a deviation in the utilization of approximately ₹13.50 crore from its public issue funds. Out of the originally allocated ₹12.13 crore for working capital and general corporate purposes, only ₹5.70 crore and ₹2.67 crore were utilized, respectively. The audit committee reviewed the matter and approved the report, confirming no remarks from auditors. This update is significant for stakeholders evaluating the company's financial management and capital allocation efficacy.

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