ITCONS E-Solutions Ltd — Important, 14-11-2025: Company Update

ITCONS E-Solutions confirmed no deviation in the use of proceeds from its preferential issue of convertible warrants for the half-year ended September 30, 2025. The company raised Rs. 2.33 crore by converting 4,37,800 warrants into equity shares. These funds were designated for strategic investment and issue expenses. The Audit Committee reviewed the fund utilization and found no discrepancies, assuring shareholders that the capital remains allocated to its original stated purpose, even though it is currently unutilized. This transparency is key for investor confidence.