Corporate Governance8 Aug 2026, 08:00 pm
Methodhub Software: No IPO Fund Use Deviation for Q1 FY27
AI Summary
Methodhub Software Ltd has confirmed no deviation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended June 30, 2026. The company stated that funds raised were used as per the objects outlined in the prospectus dated December 10, 2025. A detailed statement reviewed by the Audit Committee confirms adherence to the planned utilization for loan repayment, working capital, subsidiary investment, acquisitions, and issue expenses. The total utilized amount was ₹64.30 crores against net proceeds of ₹87.49 crores.
Key Highlights
- No deviation reported in IPO fund utilization for Q1 FY27.
- Funds used for loans, working capital, and subsidiary investment.
- Audit Committee reviewed and approved the utilization statement.
- Total utilized funds ₹64.30 Cr against net proceeds of ₹87.49 Cr.
Price Impact
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