Monitoring Agency Flags Fund Misuse & Governance Lapses
Z-Tech (India) Limited · ZTECH · NSE ·
<b>Fund Misuse Alleged:</b> A monitoring agency (CARE Ratings) reported a "deviation" in the use of funds from a preferential issue. The company used the proceeds as collateral to secure other credit facilities. <b>Untraceable End-Use:</b> The agency stated it was "unable to asce…