Adroit Infotech Limited — Others, 22-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Adroit Infotech has announced a board meeting to review the utilization of Rights Issue proceeds totaling Rs. 45.72 Cr. The funds have been used as planned, supporting business expansion, repayment of non-current liabilities, working capital, corporate needs, acquisition, and issue-related expenses. By the quarter-end, Rs. 14.05 Cr was utilized, with the remaining balance held in an Axis Bank account. The Audit Committee has reviewed and approved the utilization, confirming full compliance with the intended objectives, which supports the company’s growth and financial stability.