Quarterly Updates5 Nov 2026, 06:53 pm
Excelsoft Technologies: Monitoring Agency Report Q2 FY27
AI Summary
Excelsoft Technologies Ltd has submitted its Monitoring Agency Report for Q2 FY27, as required by SEBI regulations. The report, issued by CARE Ratings Limited, confirms no deviation in the utilization of IPO proceeds for the quarter ended September 30, 2026. While utilization for certain objects like 'Funding expenditure for upgradation including external Prospectus' and 'Funding upgradation of our Company’s IT Infrastructure' experienced a delay, the Board of Directors has approved an extension of the implementation timeline to FY 2027. The total IPO issue size was Rs.180.00 crore.
Key Highlights
- No deviation in IPO proceeds utilization for Q2 FY27.
- Implementation timeline extended to FY 2027 for certain projects.
- IPO issue size was Rs.180.00 crore.
- Report reviewed by Audit Committee and approved by Board.
- Monitoring Agency is CARE Ratings Limited.
Price Impact
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