Sagarsoft Reports No Deviation in Preferential Issue Fund Utilization

Key Quantitative Figures

• Amount Raised: ₹5,08,00,000 (Rupees Five Crore Eight Lakh)
• Date of Fund Raising: July 26, 2021
• Method of Fund Raising: Preferential Issue of 2,00,000 equity shares at an issue price of ₹254 per share
• Funds Utilized: ₹5,08,00,000 (100% of the amount raised)

Utilization Breakdown

• Working Capital Requirements: ₹1,18,00,000 utilized
• Fixed Deposits: ₹3,90,00,000 kept in fixed deposits

Compliance Status

• Deviation/Variation in Use of Funds: No deviation or variation reported
• Monitoring Agency: Not applicable
• Shareholder Approval for Change: Not applicable (as no deviation occurred)
• Audit Committee Comments: No specific comments
• Auditors' Comments: No specific comments

Original Object of Fund Raising

The funds were originally raised for "further acquisition and for other general corporate purpose." No modification to this object was made or required.