Fusion Klassroom Edutech Revises IPO Fund Utilization Statement

Fusion Klassroom Edutech Limited has filed a revised Statement of Deviation and Variation for the quarter and half-year ended September 30, 2026, concerning the utilization of its IPO proceeds. The revision corrects an error where ₹195 Lakhs were erroneously shown as utilized for capital expenditure on desktops and laptops for AI/ML labs, when the actual utilization for this purpose was zero. The total amount raised via IPO was ₹3,904.0 Lakhs. The filing also details fund utilization across other categories, including prepayment of borrowings, technology development, content development, and marketing initiatives, with no other deviations reported.