Disclosure Context

Capricorn Systems Global Solutions Limited (Scrip Code: 512169) submitted a regulatory filing to BSE Limited on August 12, 2026, pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document constitutes the Statement of Deviation or Variation in utilization of funds raised through the Rights Issue of Equity Shares for the quarter ended June 30, 2026.

Fund Raising Details

  • Mode of Fund Raising: Rights Issue of Equity Shares
  • Date of Raising Funds: February 25, 2026
  • Total Funds Raised: ₹23,97,60,000 (rounded to ₹23.98 Crores)
  • Monitoring Agency: Infomerics Valuation and Rating Ltd
  • Reporting Quarter: June 30, 2026

Deviation/Variation Status

The company confirmed there is no deviation or variation in the use of funds raised. This is not pursuant to any change in terms of contract or objects that required shareholder approval.

Fund Utilization Breakdown

Original Objects and Utilization:

1. Working Capital Requirements

  • Original Allocation: ₹18.00 Crores
  • Funds Utilized: ₹18.00 Crores
  • Deviation/Variation: None
  • Unutilized Amount: None
  • Remarks: The entire amount allocated towards working capital was fully utilized during the quarter ended March 31, 2026.

2. General Corporate Purpose

  • Original Allocation: ₹5.48 Crores
  • Modified Allocation: ₹5.68 Crores
  • Funds Utilized: ₹5.68 Crores
  • Deviation/Variation: None
  • Unutilized Amount: None
  • Remarks: As per the Letter of Offer, any excess or shortfall in Issue Expenses shall be adjusted against General Corporate Purposes.

3. Issue Expenses

  • Original Allocation: ₹0.50 Crore
  • Modified Allocation: ₹0.30 Crore
  • Funds Utilized: ₹0.29 Crore
  • Deviation/Variation: None
  • Unutilized Amount: ₹0.01 Crore
  • Remarks: Against the estimated Issue Expenses of ₹0.50 crore, ₹0.29 crore has been incurred and ₹0.01 crore is proposed to be utilized in the next quarter. Accordingly, ₹0.20 crore has been adjusted towards General Corporate Purposes, increasing its utilization from the original allocation of ₹5.48 crore to ₹5.68 crore.

Total Fund Summary

  • Total Funds Raised: ₹23.98 Crores
  • Total Funds Utilized: ₹23.97 Crores
  • Total Unutilized Amount: ₹0.01 Crore

Governance Oversight

  • Audit Committee Comments: The Audit Committee has noted that there is no deviation or variation in the utilization of funds raised.
  • Auditor Comments: None