Info Edge: No Deviation in QIP Fund Utilization for Q2 FY27

Info Edge (India) Ltd has submitted its Statement of Deviation for the quarter ended June 30, 2026, confirming no deviation or variation in the utilization of funds raised through Qualified Institutional Placement (QIP) in FY 2020-21. The total funds raised were ₹18750 Mn, with ₹18,290.32 Mn allocated for augmenting long-term cash resources, business activities, and general corporate purposes. The company reported utilizing ₹8,216.43 Mn during the quarter. The statement, reviewed by the Audit Committee and noted by the Board on August 10, 2026, indicates that the net proceeds are intended for growth strategy, with deployment flexibility based on market conditions and opportunities. Pending utilization, funds are invested in creditworthy instruments.