Regulatory20 May 2026, 03:21 pm
Chatterbox Tech: Deviation in IPO Fund Utilization
AI Summary
Chatterbox Technologies Ltd reported a statement of deviation/variation in the utilization of funds raised through its Initial Public Offer for the half year ended March 31, 2026, as per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed the statement on April 29, 2026. There were delays in capital expenditure and manpower expansion. The company has utilized ₹42.86 Crores from the IPO.
Key Highlights
- Deviation reported in utilization of IPO funds for H1 ended March 31, 2026.
- Audit Committee reviewed the deviation statement on April 29, 2026.
- Delays in capital expenditure due to longer onboarding times.
- Manpower expansion and operational scaling progress is delayed.
- Additional office space setup is substantially completed with some discounts.
Price Impact
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