Kwick Forensic Solutions IPO Fund Deviation ₹5.18 Lakhs

The disclosure was reviewed and approved by the company's Audit Committee at its meeting held on November 13, 2026.

Fund Raising Details

Mode of Fund Raising: Public Issue
Date of Raising Funds: September 01, 2026 (allotment date)
Total Issue Size: ₹5,077.44 lakhs
Fresh issue: ₹4,105.44 lakhs
Offer for sale: ₹972.00 lakhs
Reporting Period: Quarter ended September 30, 2026
Monitoring Agency: Not Applicable

Deviation Details

Deviation/Variation Exists: Yes
Nature of Deviation: Variation in the amount allocated to two disclosed objects
Change in Terms/Objects: No change in the objects or in the terms of any contract
Shareholder Approval: Not Applicable

Explanation for Deviation

Issue expenses for the Fresh Issue were estimated at ₹498.59 lakhs in the Prospectus. Actual expenses incurred were ₹503.77 lakhs. The excess of ₹5.18 lakhs was met from the amount allocated to Working Capital requirement. The objects of the issue and the total proceeds remain unchanged.

Audit Committee Review

The Audit Committee reviewed the utilization of IPO proceeds and noted the excess of ₹5.18 lakhs in issue expenses over the Prospectus estimate, which was met from the Working Capital allocation. The committee noted that there is no change in the objects of the issue.

Auditor Comments

No comments from auditors.

Object-wise Fund Utilization

| Working Capital requirement | NA | 3,142 | No | 1,001.67 | - | NA |

| General Corporate Purposes | NA | 464.82 | No | - | - | NA |

| Issue expenses | NA | 498.59 | No | 503.77 | 5.18 | As per the Prospectus, issue expenses were estimated at ₹498.59 lakhs |