Corporate Governance5 Nov 2026, 07:32 pm
Kratikal Tech: No Deviation in IPO Fund Utilization for H1 FY27
AI Summary
Kratikal Tech Limited has reported no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the half-year ended September 30, 2026. The company confirmed that proceeds were used as per the objects stated in the prospectus dated June 22, 2026. The Audit Committee and Board of Directors reviewed and approved the statement of deviation or variation. Statutory Auditors M/s. ATK & Associates. certified the utilization of issue proceeds. As of September 30, 2026, the unutilized IPO proceeds amounted to ₹35.44 Crore, with ₹34.00 Crore placed in Fixed Deposits and ₹1.44 Crore in the Escrow Account.
Key Highlights
- No deviation in IPO fund utilization reported for H1 FY27.
- Proceeds used as per IPO prospectus dated June 22, 2026.
- Audit Committee and Board approved the fund utilization report.
- Unutilized IPO proceeds stand at ₹35.44 Crore as of Sep 30, 2026.
- Majority of unutilized funds are in Fixed Deposits.
Price Impact
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