Slone Infosystems Limited — Results, 15-07-2025: Reply to Clarification- Financial results

Slone Infosystems has clarified a query from the NSE regarding its Auditor's Certificate on fund utilization for the half-year ended March 31, 2025. The company stated the delay in submitting the PDF certificate was an inadvertent oversight due to a regulatory amendment, but confirmed details were already filed in XBRL format and the certificate was uploaded by June 9, 2025.

Regarding its Initial Public Offer (IPO), Slone Infosystems raised Rs. 11.06 crore. These funds were fully utilized for planned objectives including capital expenditure for IT equipment, repayment of certain borrowings, general corporate purposes, and issue expenses. The company reported no deviation in the use of these IPO funds.

Separately, from its Preferential Issue of convertible warrants, Slone collected Rs. 8.20 crore (representing 25% of the issue price). These funds were utilized for working capital and general corporate purposes, with Rs. 0.75 crore remaining unutilized as per the report. Auditors confirmed the utilization aligns with the stated objectives, with no deviations observed. #SloneInfosystems #FundUtilisation #Compliance