Info Edge Reports Nil QIP Fund Utilization Deviation

Fund Raising Details

• Mode of Fund Raising: Qualified Institutional Placement (QIP)
• Date of Fund Raising: August 8, 2020
• Amount Raised: ₹1,875 crore
• Net Proceeds After Expenses: ₹1,820.32 crore (after deducting expenses of ₹459.68 million related to the QIP)
• Quarter Reported: September 30, 2026 (Q2 FY27)

Utilization Status

• Funds Utilized as of September 30, 2026: ₹850.807 crore
• Deviation/Variation Reported: None (NIL)
• Monitoring Agency: Not Applicable

Original Object of Fund Raising

The QIP proceeds were raised for general corporate purposes, including funding the company's business activities, working capital requirements, and other general purposes. The Board was granted flexibility in deploying the net proceeds based on business needs, market conditions, and potential acquisition or investment opportunities.

Governance and Approval

• The statement of nil deviation/variation was reviewed by the Audit Committee.
• The statement was noted by the Board of Directors.
• Both meetings were held on October 28, 2026.
• No shareholder approval was required as there was no deviation.

Pending Utilization

The company intends to invest the unutilized net proceeds in money market instruments, deposits with banks, and other corporate debt securities, in accordance with the investment policy approved by the Board and applicable laws.