SoftTech Engineers Limited — Capital/Financing Update 2023

Nov 7, 2023

Date: 7 th November, 2023

To,

National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza", C-1, Block – G	Floor 25, Phiroze Jeejeebhoy Towers
Bandra – Kurla Complex	Dalal Street,
Bandra (East), Mumbai – 400051	Mumbai – 400001
Symbol: SOFTTECH	Scrip Code: 543470

Subject: Submission of Statement of Deviation and Variation for the quarter ended as on September 30, 2023

Dear Sir/ Madam,

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Statement of Deviation and Variation in respect of the utilization of the proceeds from preferential issue dated 8th October, 2021 and 5th October, 2022 for the Quarter ended September 30, 2023.

The aforesaid statement has been reviewed by the Audit Committee and taken on record by the Board at their respective meetings held on Tuesday November 07, 2023.

Kindly take the same on your records.

FOR SOFTTECH ENGINEERS LIMITED

SHALAKA SATISH KHANDELWAL Digitally signed by SHALAKA SATISH KHANDELWAL Date: 2023.11.07 17:27:10 +05'30'

SHALAKA KHANDELWAL COMPANY SECRETARY

SoFtTech. Empowering Transformation

stater4ent of Deviation I variation in utilization of funds raised
SoftTqch Engineers Limited
Preferential Issue/Private Placement
8ft October, 2021
Rs. 9,99,99,900
30' September,2023
NA
NA
No
NA
NA
NA
Noted
NA
NA
NA
NA

stater4ent of Deviation I variation in utilization of funds raised

Objects for which funds have been raised and where there has been a deviation, in the following table

Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilized (Rs.)	Amount of Deviation/Var iation for the quarter according to applicable obiect	Remarks if any
To meet cost required for building marketing team for product penetration in US market	NA		NA	58,10,903

SoftTech Engineers Linnited

CMMil3,lSO 9001:2015

CIN: 1301 07PN1 996P1C01 671 I

Registered Office : SoftTech Towers, 1 Baner Rd, Opp. Royal Enfield Showroom, Baner, Pune, Maharashtra 411Q45 \$ +91 2067183711 @enquiries@softtech-engr,com @ www.softtech-engr.com

i.:'

For			5,90,06,309
development of
Civit suite on	NA	NA
SaaS platform
Investment into			20,90,423
start-ups
directly or	NA	NA
through
subsidiary
General
corporate	NA	NA	20,592,466
pumoses
Total			8,75,00,000

For SoftTech Engineers Limited

W

Vijay Gupta M,anaging Director

Yfhdb>

Kamal AeWat Chief Financial officer

Name of listed entity	SoftTech Engineers Limited
! ode of Fund R.aising	Preferential Issue/Private Placement
Date of R.aising Funds	5ft October,2022
Amount Raised*	Rs. 14,53,90,000
Bgport filed for Quarter ended	30th Septembei]}23
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 a contract or objects, which was	NA
4pproved by -the shareholders
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	NA
If yes, whether the same is pursuant to change in
terms of a contract or objects, which was	NA
approved by the shareholders
If Yes, Date of qhareholder Approval	NA
Explanation for the Deviation / Variation	NA

statement of Deviation I variation in utilization of funds raised

Note:

*The Company on 5th October,2022, allotted 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred Twenty) CCDs at a conversion price of Rs. l25l- per Equity Share (including premium of Rs. 115/- per share), upon receipt of consideration of Rs. 8,28,90,000/- (Eight Crores Twenty Eight Lak*rs Ninety Thousand Only) on preferential basis.

Furtherthe Company on 5th October, 2}2z,allotted 20,00,000 (Twenty Lakhs) Warrants at aprice of Rs. l25l- per Equity Share (including premium of Rs. 1 l5l- per share), upon receipt of upfront amount of 25Yo of Warrant issue price (i.e 6,25,00,000/-) on preferential basis.

Considering the above case total amount of.Rs. 14,53,90,000 was raised/received on 05.10.2022

Further on 09.06.2023 company received additional 25Yo of warrant issue price i.e 6,25,00,0001-

!,:.

SoftTech Engineers Limited

CMMi/3, lS0 9001: 2015

Cl N: 1301 07Pl\1 996P1C01 671 I Registered Office : SoftTech Towers, 1 Baner Rd,0pp. Royal Enfield Showroom, Baner, Pune, Maharashtra 411045 S +91 2067183711 @enquiries@softtech-engr.com @ www,softtech-engr.com

Further on28.09.2023 company received balance amount i.e 12,50,00,000/-

Total amount received/ raised as on quarter ended Sept 2023 amounts to ( Rs. 14,53,90,000 +6,25,00,000 +12,50,00,000 = Rs. 33,28,90,000)

Objects for which funds have been raised and where there has been a deviation, in the following table

Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilized (Rs.)	Amount of Deviation/V ariation for the quarter according to applicable obiect	Remarks if any
To support the expansion of business in' Indian and Overseas Market	NA		NA	96,995,679
General corporate purposes	NA		NA	52,885,307
Total				149,880,996

For SoftTech Engineers Limited

W

Vijay Gupta Managing Director

"*€b*'t

Kamal Agrawal Chief Financial officer