Business Update30 May 2026, 10:41 pm
3C IT Solutions Utilizes Full IPO Proceeds of ₹849.86 Lakhs
AI Summary
3C IT Solutions and Telecoms (India) Ltd. announced the full utilization of its Initial Public Offering (IPO) proceeds of ₹849.86 lakhs as of March 31, 2025, in accordance with the objectives stated in the offer document. The Board of Directors acknowledged the complete utilization and closure of reporting requirements under Regulation 32 of SEBI (LODR) Regulations, 2015 during its meeting on May 30, 2026. An auditor's certificate confirming the utilization of IPO proceeds has been enclosed.
Key Highlights
- 3C IT Solutions fully utilized IPO proceeds of ₹849.86 lakhs by March 31, 2025.
- Proceeds were used for working capital, debt repayment, and general corporate purposes.
- Board of Directors noted the closure of reporting requirements under Regulation 32.
- Auditor's certificate confirms the utilization of IPO proceeds.
Price Impact
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