Adroit Infotech Limited submitted a regulatory disclosure to BSE Limited and The National Stock Exchange Limited pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 32.
The disclosure confirms that there were no deviations or variations in the utilization of proceeds from the company's Rights Issue for the quarter ended September 30, 2026, compared to the objects stated in the Prospectus dated January 19, 2024.
Key Financial Details
- Mode of Fund Raising: Rights Issue
- Date of Raising Funds: 14th February 2025
- Amount Raised: ₹46.0615 crore (₹4606.15 lakhs)
- Monitoring Agency: Not Applicable
- Deviation/Variation: No
Fund Utilization Breakdown (as of September 30, 2026)
| Object | Original Allocation (₹ lakhs) | Funds Utilized (₹ lakhs) |
| Towards expansion of Business | 1750.00 | 812.80 |
| To pay off other non-current liabilities | 755.00 | 713.34 |
| To part finance the requirement of Working Capital | 653.44 | 617.38 |
| Acquisition of business in similar or complementary space | 1000.00 | 0.00 |
| To meet General Corporate Purposes | 661.72 | 625.21 |
| To meet the expenses of the Issue | 55.00 | 16.47 |
| TOTAL | 4875.16 | 2785.20 |
Current Status
- Total Utilized: ₹27.852 crore (₹2785.20 lakhs)
- Unutilized Funds: ₹18.2096 crore (₹1820.96 lakhs) lying in an account maintained with Axis Bank as of September 30, 2026
Governance and Approval
- The statement was reviewed by the Audit Committee
- The Board took the statement on record
- Both meetings were held on Wednesday, November 04, 2026
- Audit Committee comments: None
- Auditor comments: None