Regulatory27 May 2026, 07:01 pm
Meta Infotech: Deviation Statement for Half Year Ended March 2026
AI Summary
Meta Infotech Ltd has filed a statement of deviation or variation in utilization of funds raised through its IPO for the half year ended March 31, 2026. The audit committee reviewed the statement on May 27, 2026. The company raised ₹20,01,33,000 through IPO, including issue expenses of ₹2,52,84,000. Net proceeds to the company were ₹17,48,49,000. There was no deviation or variation in the use of funds. Unutilized proceeds of ₹2,11,22,000 have been temporarily invested in fixed deposits. Capital expenditure for new office premises and an interactive experience center remains unutilized due to pending occupancy certificate.
Key Highlights
- Meta Infotech reports no deviation in fund utilization for H1 ended March 31, 2026.
- IPO raised ₹20,01,33,000, with net proceeds to the company at ₹17,48,49,000.
- ₹2,11,22,000 of IPO proceeds remain unutilized and are invested in fixed deposits.
- Capital expenditure for new office and experience center is unutilized due to pending approvals.
- Audit Committee reviewed the statement on May 27, 2026.
Price Impact
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