Hilltone Software and Gases Limited has announced a statement confirming no deviation in the utilization of Rs. 8.32 Cr raised through a preferential issue.

The funds have been fully deployed as intended for long-term working capital (Rs. 3.33 Cr), business investments (Rs. 3.14 Cr), loan repayments (Rs. 1.43 Cr), and issue expenses (Rs. 0.40 Cr). The Audit Committee reviewed and confirmed compliance with the original objectives, supporting the company’s growth and financial performance.

This assures investors that capital raised is being used effectively as planned.