Logica Infoway Limited submitted a regulatory compliance statement to BSE Limited pursuant to SEBI (LODR) Regulations, 2015, specifically Regulation 32(1), 32(2), and 32(8).

The company confirmed there is no deviation or variation in the utilization of funds raised through preferential allotment of shares on March 01, 2025, for the half year ended September 30, 2026.

Fund Raising Details

  • Mode of Fund Raising: Preferential Allotment
  • Date of Raising Funds: March 01, 2025
  • Amount Raised: ₹16,11,23,280 (Rupees Sixteen Crore Eleven Lakh Twenty-three Thousand Two Hundred Eighty only)
  • Reporting Period: Half year ended September 30, 2026

Fund Utilization Status

As of September 30, 2026, the company has utilized ₹15,28,76,077.62 out of the total ₹16,11,23,280 raised, representing approximately 95% utilization.

Breakdown of Fund Utilization:

  • Capital Expenditure (16% allocation):
  • Allocated: ₹2,57,79,724.80
  • Actual Utilized: ₹1,75,32,522.42
  • Working Capital (62% allocation):
  • Allocated: ₹9,98,96,433.60
  • Actual Utilized: ₹9,98,96,433.60 (fully utilized)
  • General Corporate Purpose and Issue Expenses (22% allocation):
  • Allocated: ₹3,54,47,121.60
  • Actual Utilized: ₹3,54,47,121.60 (fully utilized)

Regulatory Compliance Details

The statement was submitted due to ongoing requirement under Regulation 32(2) of SEBI (LODR) Regulations, 2015, as the issue proceeds raised during FY 2024-25 have not yet been fully utilized.

The company noted a technical issue with the Integrated Financials XBRL utility where selecting "Yes" for submitting deviation statement doesn't allow selecting "0" funds raised during the reporting period, potentially resulting in incorrect reporting. Therefore, the company selected "No" in the utility and submitted the statement separately in PDF format.

Governance Approvals

The statement of nil deviation or variation was:

  • Reviewed by the Audit Committee
  • Noted by the Board of Directors
  • Both approvals occurred at meetings held on November 14, 2026

Audit Committee comments: "There is no deviation/variation"

Auditors comments: "There is no deviation/variation"

Additional Information

The original objects for fund utilization remain unchanged. The net proceeds were intended for capital expenditure for business expansion, working capital requirements, and general corporate purposes including issue expenses.

The document states that any unused proceeds may be utilized in subsequent periods as determined by the Board, subject to compliance with applicable laws.