Securekloud Technologies has informed that it enclosed the statement of deviation for the quarter ended December 31, 2022 for the use of proceeds raised through conversion of warrants issued on a preferential basis. 45,00,000 convertible share warrants were issued at INR 100 per share on which INR 25 per share was paid upfront on allotment, INR 11,25,00,000. The warrants were exercised in multiple tranches. Subsequently, 16,07,000 share warrants lapsed due to non-exercising the warrants within the stipulated time and INR 4,01,75,000 was forfeited.
The above information is a part of company’s filings submitted to BSE.
