LGT Business Connextions: No IPO Proceeds Deviation

LGT Business Connextions Ltd (now LGT Global Hospitality Limited) confirms no deviation in the utilization of IPO proceeds as of March 31, 2026. The IPO, which raised ₹21.92 Crores on August 22, 2025, was monitored by Infomerics Ratings Limited. The funds were allocated to Capital Expenditure (₹10.43 crores), Working Capital Requirement (₹7.70 crores), and General Corporate Purpose (₹3.79 crores), with ₹2.45 crores, ₹6.73 crores and ₹3.68 crores utilized respectively. The company confirms that the IPO proceeds will be fully utilized within 12 months from the date of receipt.