Indian Infotech & Software Ltd — Important, 14-02-2026: Company Update
14-02-2026 | 03:18 pm
14-02-2026 | 03:18 pm
Indian Infotech & Software Limited has submitted its Monitoring Agency Report on the utilization of funds from its Rights Issue. The report confirms no deviation from the stated objectives. The company received 43.311 crore, slightly below the initial target of 44.958 crore due to undersubscription. Of the utilized funds, 34.50 crore strengthened the capital base for lending and investment activities. Another 8.809 crore was used for general corporate purposes, with a small balance of 0.001 crore remaining unutilized. This update provides shareholders with assurance on transparent fund deployment.
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