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Capricorn Systems confirms no deviation in funds utilization from its equity rights issue
12-Aug-2026, 08:01
Capricorn Systems Global Solutions Limited informed the BSE that there was no deviation or variation in the utilization of funds raised through its rights issue of equity shares for the quarter ended June 30, 2026, according to a filing on August 12, 2026. The company received Rs 23,97,60,000, or Rs 23.98 crore, from the rights issue on February 25, 2026, and the funds were monitored by Infomerics Valuation and Rating Ltd. The original allocation of Rs 18.00 crore for working capital was fully utilized, while Rs 5.68 crore was utilized for general corporate purposes after an adjustment for issue expenses.
Capricorn Systems Global Solutions Limited informed the BSE that there was no deviation or variation in the utilization of funds raised through its rights issue of equity shares for the quarter ended June 30, 2026, according to a filing on August 12, 2026. The company received Rs 23,97,60,000, or Rs 23.98 crore, from the rights issue on February 25, 2026, and the funds were monitored by Infomerics Valuation and Rating Ltd. The original allocation of Rs 18.00 crore for working capital was fully utilized, while Rs 5.68 crore was utilized for general corporate purposes after an adjustment for issue expenses.