Regulatory14 May 2026, 04:09 pm
Purple Wave Infocom: Monitoring Agency Report for March 31, 2026
AI Summary
Purple Wave Infocom Ltd has released the Monitoring Agency Report for the quarter ended March 31, 2026, as per SEBI (LODR) Regulations, 2015 and SEBI (ICDR) Regulations, 2018. The report, issued by Infomerics Valuation and Rating Ltd, highlights a deviation from the original IPO objectives. Specifically, the company purchased a property in Gurugram for ₹12.91 crore instead of the initially planned property in Dwarka, and shareholder approval for this change has not been obtained.
Key Highlights
- Monitoring Agency Report released for the quarter ended March 31, 2026.
- Deviation from IPO objectives: property purchase in Gurugram instead of Dwarka.
- ₹12.91 crore invested in the new property.
- Shareholder approval not obtained for the property change.
- Report issued by Infomerics Valuation and Rating Ltd.