Relic Technologies Limited submitted a regulatory compliance statement to BSE Limited pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The company confirmed that there has been no deviation or variation in the utilization of proceeds from the preferential issue of Equity Shares and Share Warrants for the quarter ended March 31, 2026.
Fund Raising Details
- Mode of Fund Raising: Preferential Issues
- Date of Raising Funds:
- April 5, 2025: Allotment of Equity Shares of face value of ₹10/- each amounting to ₹1,317.50 lakhs
- April 5, 2025: Allotment of Fully Convertible Warrants amounting to ₹93.74 lakhs (25% of total warrant value of ₹374.98 lakhs)
- December 13, 2025: Conversion of Fully Convertible Warrants into Equity Shares amounting to ₹281.24 lakhs (remaining 75% of total warrant value)
- Total Amount Raised:
- Equity Shares: ₹1,317.50 lakhs
- Fully Convertible Warrants (converted to Equity Shares): ₹374.98 lakhs
- Total Proceeds: ₹1,692.48 lakhs
Utilization of Proceeds
The proceeds have been utilized in accordance with the objects stated in the explanatory statement to the resolutions passed at the Extra-Ordinary General Meeting held on March 18, 2025.
Original Objects:
- Meeting working capital requirements
- Investment and/or acquisition of entities
- Further investment in or granting of loans to other entities
- General corporate purposes
Utilization Details:
- Quarter ended March 31, 2026: ₹80 lakhs utilized
- Cumulative Utilization as on March 31, 2026: ₹558 lakhs utilized
- No modification of objects from original allocation
- No deviation or variation in utilization for the quarter