DC Infotech & Communication Limited submitted a regulatory compliance statement to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure confirms that there were no deviations or variations in the utilization of proceeds from the company's preferential issue of warrants during the quarter ended March 31, 2026. The fund usage remained consistent with the object clause specified in the Notice dated June 14, 2024.
Fund Utilization Details
- Original Object: Working capital requirements of the Company and general corporate purpose
- Modified Object: None (no changes made)
- Original Allocation: ₹7,05,00,000/-
- Modified Allocation: Not applicable (no changes made)
- Funds Utilized: ₹7,05,00,000/- (fully utilized according to applicable object)
- Amount of Deviation/Variation for the quarter: Nil
- Remarks: None
Additional Information
- Monitoring Agency: Not Applicable
- Shareholder Approval Date: Not Applicable
- Explanation for Deviation/Variation: Not Applicable
- Audit Committee Comments: Not Applicable
- Auditor Comments: Not Applicable
The statement was signed by Chetankumar Timbadia, Managing Director (DIN: 06731478), confirming the company's compliance with regulatory requirements regarding fund utilization.