Icodex Publishing: No Material Deviation in IPO Proceeds

Icodex Publishing Solutions Ltd reported no material deviations or variations in the utilization of IPO proceeds for the half year ended March 31, 2026, as per Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and approved the statement on May 15, 2026. The company raised ₹42,03,21,600 through its IPO on August 14, 2025. A portion of the funds was allocated for the purchase of new office premises (₹16.69 Cr), hardware (₹1.12 Cr), working capital (₹5.20 Cr), general corporate purposes (₹6.40 Cr) and issue related expenses (₹5.23 Cr).