Ace Alpha Tech: No IPO Fund Deviation, Reallocates ₹40.11 Lacs

Ace Alpha Tech Limited has filed its Statement of Deviation or Variation for the half-year ended September 30, 2026, confirming no significant deviation in the utilization of IPO proceeds. An inadvertent presentation error in the prospectus led to ₹40.11 Lacs (₹0.40 Crore) being duplicated under 'Issue Expenses'. This amount has now been re-earmarked to 'Capital Expenditure - Human Resources Head' with shareholder approval. The company has also extended the utilization timeline for capital expenditure proceeds to FY 2027-28 and permitted the procurement of refurbished hardware. As of September 30, 2026, ₹2263.16 Lacs (₹22.63 Crore) of the fresh issue proceeds have been utilized.