Capitalnumbers Infotech Re-appoints Auditors, Approves IPO Fund Variation
Capitalnumbers Infotech Ltd's Board of Directors has approved the re-appointment of M/s. Ankur Poddar & Associates as Internal Auditors and M/s. Prateek Kohli & Associates as Secretarial Auditors for FY 2026-27. The board also approved variations in the Objects of the Initial Public Offer (IPO). The company will now have greater flexibility to deploy ₹500 Lakhs of IPO proceeds for investment in its subsidiary Capital Numbers LLC, and additionally in its proposed wholly-owned subsidiary Epitome Cloud Inc. and its subsidiaries. Furthermore, ₹1,146.46 Lakhs from unutilised Issue Related Expenses will be reallocated to fund the acquisition of Epitome Cloud Inc. The variations are subject to shareholder approval at the upcoming AGM.
Key Highlights
- Internal and Secretarial Auditors re-appointed for FY 2026-27.
- IPO proceeds allocation diversified to include new subsidiary Epitome Cloud Inc.
- ₹1,146.46 Lakhs reallocated from IPO expenses for subsidiary acquisition.
- Variations subject to shareholder approval at the 14th AGM.
- Mr. Anand V Varanasi appointed as Senior Managerial Personnel.
Price Impact
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