SoftTech Engineers Limited — Capital/Financing Update 2020

Jul 10, 2020

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Statement of Deviation / Variation in utilization of funds raised

Name of listed entity	SoftTech EngineersLimited
Mode of Fund Raising	Initial Public Offer(IPO)
Date of Raising Funds	9thMay,2018
Amount Raised	Rs.1896.96Lakh
Report filed for Half year ended	31stMarch,2020
Monitoring Agency	NA
Monitoring Agency Name, if applicable	NA
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of acontract or objects, which was approved by the shareholders	NA
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation / Variation	NA
Comments of the Audit Committee after review	Noted
Comments of the auditors, if any	No
If yes, whether the same is pursuant to change in terms of acontract or objects, which was approved by the shareholders	No
If Yes, Date of shareholder Approval	NA
Explanation for the Deviation / Variation	NA

Objects for which funds have been raised and where there has been a deviation, in the following table The proceeds from IPO were ₹ 189,696,000 and IPO related expenses were ₹ 25,482,857. The utilization of the net proceeds are as follows:

						(Rs.In lakhs)	(Rs.In lakhs)
					Amount of
Original Object	ModifiedObject, ifany	OriginalAllocation	Modifiedallocation,if any	FundsUtilized(Rs.)	Deviation/Variation for thequarteraccording to		Remarks if any
					applicable object
Product
development and	NA	662.40	NA	662.40	Nil		-
enhancement costs
Funding of the
domestic and
international	NA	598.12	NA	598.12	Nil		-
product penetration
and-marketing costs
Repayment/Pre-
payment of certain
unsecured	NA	203.47	NA	203.47	Nil		-
borrowings availed
by the Company
General corporate
purposes and IPOrelated expenses	NA	178.15	NA	178.15	Nil		-
(excluding

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Original Object	ModifiedObject, ifany	OriginalAllocation	Modifiedallocation,if any	FundsUtilized(Rs.)	Amount ofDeviation/Variation for thequarteraccording toapplicable object	Remarks if any
transaction costs ofIPO)
Total		1642.14		1642.14

For SoftTech Engineers Limited

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Vijay Gupta Managing Director

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