Alphalogic Techsys Limited submitted a regulatory filing to BSE Limited regarding fund utilization compliance for the quarter ended September 30, 2026, under SEBI (LODR) Regulations, 2015.
The disclosure pertains to funds raised through a preferential issue of convertible warrants. The Board of Directors approved the issue of up to 18,00,000 Convertible Warrants at an issue price of ₹30 per warrant (including a premium of ₹25), aggregating up to ₹5,40,00,000, at their meeting held on 23rd July 2026.
Shareholders approved the special resolution through postal ballot, with the last date of remote e-voting being 22nd August 2026. The Board of Directors allotted 18,00,000 Convertible Warrants on 15th September 2026 upon receipt of 25% of the issue price (₹7.50 per warrant), aggregating ₹1,35,00,000 (1.35 Crores).
Each warrant is convertible into one equity share of face value ₹5 each within 18 months from the date of allotment, in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The company reported no deviation or variation in the utilization of funds raised. The original object for fund utilization was "Working Capital requirements and General Corporate Purposes" with an original allocation of 135 Lakhs. The full amount of 135 Lakhs was utilized for this purpose with no deviation.
The Audit Committee provided no comments after review, and there were no auditor comments. The filing confirms that the fund utilization was consistent with the original objects approved by shareholders.