Exato Technologies Limited submitted a regulatory compliance statement to BSE Limited confirming no deviation or variation in the utilization of Initial Public Offer (IPO) proceeds during the quarter ended March 31, 2026. The filing was made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
Key Financial Details
- IPO Date: December 03, 2025
- Total Amount Raised: ₹34.30 crore (inclusive of ₹2.45 crore from Pre-IPO placement)
- Reporting Period: Quarter ended March 31, 2026
- Monitoring Agency: Not applicable
Fund Utilization Status (as of March 31, 2026)
The statutory auditors, CA Arora Prem and Associates, issued a certificate verifying the utilization of IPO proceeds:
Breakdown of Fund Utilization (Amounts in ₹ lakhs):
| Object of Issue | Offer Document Amount | Utilized up to Dec 31, 2025 | Additional Utilized Jan-Mar 2026 | Unutilized as of Mar 31, 2026 |
| Working capital requirements | 1572.70 | 0.00 | 500.00 | 1072.70 |
| Product development investment | 680.00 | 0.00 | 136.00 | 544.00 |
| Repayment of borrowings | 253.33 | 253.33 | 0.00 | 0.00 |
| Issue expenses | 455.53 | 455.53 | 0.00 | 0.00 |
| General corporate purposes | 468.44 | 12.21 | 287.79 | 168.44 |
| Total | 3430.00 | 721.07 | 923.79 | 1785.14 |
Key Findings
- Total Utilized: ₹16.45 crore (721.07 lakhs + 923.79 lakhs) representing 47.96% of total proceeds
- Unutilized Amount: ₹17.85 crore remains available for future deployment
- Funds Deployment: Unutilized proceeds of ₹5.44 crore are maintained in a dedicated bank account for product development investment, while the remaining ₹12.41 crore has been invested in bank fixed deposits
- Compliance: Company confirmed no part of IPO proceeds has been used for purposes other than those stated in the Offer Document