Regulatory Disclosure
On May 25, 2026, the company submitted a Statement of Deviation/Variation to the National Stock Exchange of India Ltd (NSE Symbol: TECHN OE) and BSE Limited (BSE Code: 542141).
Fund Utilization Details
The disclosure specifically concerns the utilization of funds raised through Qualified Institutional Placement (QIP). The company submitted the Statement of deviation/utilization of these QIP funds in the prescribed format (Annexure A).
Key Finding
The statement confirmed that there was no deviation in the utilization of QIP funds for the quarter ended March 31, 2026. The company's auditors reported no comments on the fund utilization as the statement showed no deviation from the stated objects.