Innovision Ltd: No Deviation in IPO Fund Use for Q2 FY27

Innovision Limited has filed its Statement of Deviation and Variation for the quarter ended September 30, 2026, as per SEBI (LODR) Regulations, 2015. The company reported no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO). The total net proceeds raised were ₹2,097.99 Million. Funds were allocated for repayment of borrowings, working capital requirements, and general corporate purposes. The utilization for repayment of borrowings was fully met, working capital requirements saw utilization of ₹824.91 Million against an allocation of ₹1,190.00 Million, and general corporate purposes had minimal utilization of ₹1.36 Million against an allocation of ₹397.99 Million. No significant deviations were noted.