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Regulatory10 Aug 2026, 05:31 pm

Chatterbox Technologies: No Fund Use Deviation in Q2 FY27

AI Summary

Chatterbox Technologies Ltd has filed its Statement of Deviation and Variation for the quarter ended June 30, 2026, as per SEBI regulations. The company reported no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The statement, reviewed by the Audit Committee, confirms that all fund utilization aligns with the original objects, including capital expenditure for existing business, setting up an additional office/studio, brand building, and meeting incremental working capital requirements. While progress on some objectives is noted as delayed compared to the prospectus timeline, there are no deviations in fund allocation.

Key Highlights

  • No deviation in IPO fund utilization for Q2 FY27 reported.
  • Audit Committee reviewed and approved the statement of deviation.
  • Fund utilization aligns with original objects as per prospectus.
  • Progress delays noted, but no variance in fund allocation.
  • Total funds raised were ₹42.86 Crores.