Z-Tech (India) Limited — Others, 13-08-2025: Monitoring Agency Report

Z-Tech (India) Limited's Monitoring Agency report for Q1 ended June 30, 2025, highlights deviations in the utilization of its Preferential Issue proceeds, from which Rs. 99.95 crore was raised. Of this, Rs. 22.67 crore has been utilized, with Rs. 8.25 crore spent this quarter on working capital and general corporate purposes. A key deviation is that Rs. 26.02 crore of the Rs. 77.28 crore unutilized funds are in fixed deposits pledged against credit facilities, which was not aligned with the original offer. The preferential issue was also undersubscribed, potentially impacting project viability. The board intends to seek shareholder approval for this pledging.