Regulatory15 May 2026, 10:21 pm
Icodex Publishing: Deviation in IPO Proceeds Usage
AI Summary
Icodex Publishing Solutions Ltd's monitoring agency, Infomerics Valuation and Ratings, reported a deviation in the utilization of IPO proceeds for the quarter ended March 31, 2026. The company used ₹1.34 crore for office interior works, which deviates from the stated objectives in the offer document. The deviation is within 10% of the total issue proceeds.
Key Highlights
- Infomerics Valuation and Ratings is the monitoring agency.
- Deviation of IPO proceeds usage reported for Q4FY26.
- ₹1.34 crore used for interior works, deviating from IPO objectives.
- Deviation is within the range of up to 10% of issue proceeds.
- Report declares no conflict of interest by the monitoring agency.
Price Impact
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