Key Quantitative Figures

Total IPO Proceeds Utilization (Quarter Ended 30th September, 2026)

  • Total unutilized balance as on 30th June 2026: ₹3,15,24,877.24
  • Utilized during quarter: ₹2,02,92,255.27
  • Unutilized balance as on 30th September 2026: ₹1,12,32,621.97

Category-wise Utilization During Quarter

  • Brokerage and Other Expenses (Issue Expenses): ₹21,115.00
  • ERP Software: ₹1,53,47,127.00
  • Advertisement Expenses: ₹42,62,979.57
  • General Corporate Purpose: ₹6,61,033.70

Original IPO Details

  • Issue period: December 4, 2025 to December 8, 2025
  • Type: Fresh Issue of Equity shares
  • Number of securities: 17,98,000 equity shares
  • Price per share: ₹56
  • Total issue size: ₹10.07 crore
  • Amount received: ₹10.07 crore

Objects of Issue and Utilization Status (as per Monitoring Agency Report)

| Object | Proposed Amount (₹ Crore) | Utilized Amount (₹ Crore) | Unutilized Amount (₹ Crore) |

| Repayment of borrowing | 2.00 | 2.00 | 0.00 |

| Advertisement expenses | 3.43 | 3.25 | 0.18 |

| Acquisition of software | 3.00 | 2.14 | 0.86 |

| Issue expenses | 0.90 | 0.84 | 0.06 |

| General corporate purpose | 0.74 | 0.72 | 0.02 |

Dates of Action

  • Certificate date from KVMS and Company: 5th November, 2026
  • Monitoring Agency Report date: 5th November, 2026
  • Board and Audit Committee meeting date: 13th November, 2026
  • Submission to BSE: 13th November, 2026

Parties Involved

  • Auditors: KVMS and Company (Chartered Accountants)
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Bank: ICICI Bank Limited
  • Stock Exchange: BSE Limited

Status of Unutilized Proceeds

The unutilized issue proceeds of ₹1,12,32,621.97 as on 30th September 2026 have been parked in ICICI Bank Limited Fixed Deposit Account No. 023313025857. This amount is part of total outstanding of approximately ₹1,33,27,685 (including accrued interest) in ICICI Bank in Fixed Deposit/Autosweep.

Monitoring Agency Findings

Brickwork Ratings confirmed:

  • No deviation from objects disclosed in Offer Document
  • No material deviations requiring shareholder approval
  • No change in means of finance for disclosed objects
  • No major deviation observed over earlier monitoring reports
  • All government/statutory approvals obtained
  • No favorable or unfavorable events affecting viability of objects
  • No other relevant information affecting investor decision making

Implementation Status

  • Repayment of borrowing: Completed (as per Financial Year 2025-26 timeline)
  • Advertisement expenses: Ongoing (up to Financial Year 2026-27)
  • Software acquisition: Ongoing (up to Financial Year 2026-27)
  • General corporate purpose: Ongoing*

*Note: As per prospectus dated November 25, 2025, any unutilized proceeds can be deployed in subsequent financial years towards the objects.

Certifications and Approvals

The statement has been reviewed by the Audit Committee of the Company and taken on record by the Board of Directors at their respective meetings held on 13th November, 2026. The certificate for fund utilization was received from KVMS and Company, Chartered Accountants.