Quicktouch Technologies Limited — Others, 14-05-2025: Monitoring Agency Report

Quicktouch Technologies Limited has announced a monitoring agency report on the utilization of Rs. 215.78 Cr raised through preferential share warrants. Funds were mainly deployed in acquisitions (Rs. 62.49 Cr), working capital (Rs. 5.92 Cr), and general corporate purposes (Rs. 27.58 Cr), including education loans via its subsidiary, generating interest income. A small unutilized amount (Rs. 0.003 Cr) remains parked. The company’s share price is below the warrant exercise price, risking lapses and possibly impacting funding, which management aims to manage through subscriber exercise or internal resources. Auditor changes and prior related-party deployment have been addressed as per objectives.