Clarification13 Nov 2026, 07:43 pm
Kwick Forensic Reports ₹5.18 Lakhs Issue Expense Variance
AI Summary
Kwick Forensic Solutions Ltd has filed a Statement of Deviation or Variation for the half-year ended September 30, 2026. The company reported a deviation of ₹5.18 lakhs in issue expenses for its public issue, which were ₹503.77 lakhs against an estimated ₹498.59 lakhs. This excess was met from the allocation for working capital requirements. The Audit Committee reviewed the utilization of IPO proceeds and noted that there is no change in the objects of the issue or the total issue proceeds. The allocation to working capital has been revised from ₹3,142.00 lakhs to ₹3,136.82 lakhs.
Key Highlights
- Issue expenses exceeded prospectus estimate by ₹5.18 lakhs.
- Excess expenses funded by working capital allocation.
- No change in original objects of the fund raise.
- Audit Committee reviewed and noted the variance.
Price Impact
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