Regulatory Compliance Filing
Key Quantitative Figures
- IPO Date: 20th March 2026
- Gross Proceeds Raised: ₹48.18 crores (₹4,818 lakhs)
- Funds Utilized as of September 30, 2026: ₹12.36 crores
- Outstanding Proceeds: ₹35.82 crores (temporarily kept in bank fixed deposits)
- Monitoring Agency: CARE Ratings Limited
Utilization Breakdown by Object
| Object | Original Allocation (₹ Crores) | Funds Utilized (₹ Crores) |
| Meeting of Offer related expenditure | 8.70 | 8.70 |
| Funding of expenditure towards Investment in enhancement of existing products and development of new products | 13.00 | 2.88 |
| Business Development and Marketing Activities including manpower hiring | 9.62 | 0.78 |
| General corporate purposes and unidentified inorganic acquisition | 16.86 | - |
| Total | 48.18 | 12.36 |
Compliance Status
- Variation/Deviation in use of Funds: No
- Shareholder Approval for Changes: Not applicable
- Explanation for Deviation: Not applicable
- Auditors Comments: No comments
Audit Committee Review
The Audit Committee reviewed and confirmed that out of total proceeds of ₹48.18 crores, ₹12.36 crores has been utilized for Offer related expenses, while the remaining ₹35.82 crores are temporarily kept with bank in form of fixed deposits. The committee confirmed these funds will be utilized as per the objects of the issue as stated in the offer document.