Business Update30 May 2026, 03:44 pm
Logiciel Solutions: No Deviation in IPO Proceeds Utilisation
AI Summary
Logiciel Solutions Ltd reports no deviation or variation in the utilisation of IPO proceeds for the quarter ended March 31, 2026. The company confirms that the entire proceeds raised (₹39.9 Crores) have been utilised for the original objects as stated in the offer document. An audit committee reviewed NIL Statement of Deviation is provided in Annexure A. The issue expenses were apportioned between the Company and the selling shareholders in the ratio of 41:9.
Key Highlights
- Logiciel Solutions confirms no deviation in IPO proceeds utilisation for Q4 FY26.
- ₹39.9 Crore IPO proceeds fully utilised as per offer document.
- Audit Committee reviewed NIL Statement of Deviation.
- Issue expenses apportioned between company and selling shareholders at 41:9.
Price Impact
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