Relic Technologies Ltd — Important, 23-05-2026: Company Update

Relic Technologies confirmed no deviation in the utilization of funds from its preferential issue for the quarter ended March 31, 2026. The company initially raised 13.175 Cr from equity shares and 3.75 Cr from warrants, totaling 16.92 Cr. These proceeds were designated for working capital, investments, and general corporate purposes. For the latest quarter, 0.80 Cr was utilized, bringing the cumulative utilization to 5.58 Cr. The Audit Committee reviewed and confirmed that the funds are being deployed in line with the issue's stated objectives, indicating good financial discipline.