Methodhub Software Limited submitted a regulatory filing to BSE Limited pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 and SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019.

The disclosure confirms that there is no deviation or variation in the utilization of proceeds from the company's Initial Public Offer (IPO) from the objects stated in the Prospectus dated December 10, 2025.

Financial Details

  • Total Amount Raised (IPO): ₹102.49 crore
  • Fresh Issue: ₹87.50 crore
  • Offer for Sale: ₹14.99 crore
  • IPO Issue Expenses: ₹14.30 crore
  • Net Proceeds Available for Utilization: ₹87.49 crore

Fund Utilization Status (as of March 31, 2026)

The report covers the quarter/half year ended March 31, 2026. Monitoring agency Brickwork Ratings India Private Limited is applicable for oversight.

Key Findings:

  • No deviation or variation in the use of funds raised
  • No modified objects or allocations from the original prospectus
  • Audit Committee provided no comments after review
  • Auditors provided no comments

Detailed Object-wise Fund Utilization

| Object | Original Allocation (₹ Cr) | Funds Utilized (₹ Cr) | Deviation/Variation | Remarks |

| Repayment/prepayment of outstanding loans | 13.6 | 13.6 | No deviation/variation | No Comments |

| Augmentation of long-term working capital | 25.00 | 11.22 | Not specified | |

| Investment in wholly owned subsidiary MethodHub Consulting Inc. (USA) for working capital | 4.00 | 4.00 | Not specified | |

| Unidentified inorganic acquisitions and GCP | 30.59 | 12.67 | Not specified | |

| Issue expenses | 14.30 | 13.94 | Not specified | |

| TOTAL | 87.49 | 55.43 | | |

The document clarifies that deviation or variation could mean: (a) Deviation in the objects or purposes for which funds were raised, (b) Deviation in the amount of funds actually utilized versus original disclosure, or (c) Change in terms of a contract referred to in the prospectus.

The statement was digitally signed by S Muthukrishnan, Company Secretary and Compliance Officer (Membership No. A61530), on behalf of Methodhub Software Limited (formerly known as Methodhub Software Private Limited).

The report is also available on the company's website at https://methodhub.in/.