Indian Infotech & Software Ltd — Important, 14-02-2026: Company Update
14-02-2026 | 03:17 pm
14-02-2026 | 03:17 pm
Indian Infotech & Software has submitted its Monitoring Agency Report regarding the utilization of funds from its recent Rights Issue. Acuité Ratings & Research confirmed no deviation from the disclosed objectives. The company received net proceeds of 43.311 Cr from the Rights Issue. Of this, 34.50 Cr was fully deployed to strengthen its capital base for business activities, including lending and investment. An additional 8.809 Cr was utilized for general corporate purposes, leaving a minimal unutilized balance of 0.001 Cr. This update reassures investors that funds are being used as planned.
No comments yet. Be the first to comment!
