Corporate Governance11 Aug 2026, 07:12 pm
Quadrant Future Tek: No Deviation in IPO Fund Utilization for Q1 FY27
AI Summary
Quadrant Future Tek Ltd has filed its statement of deviation or variation for the quarter ended June 30, 2026, confirming no deviation in the utilization of funds raised through its Public Offer (IPO). The company raised ₹2900.00 million on January 10, 2025. The report details the utilization of funds across various objectives including issue-related expenses, working capital, capital expenditure for Electronic interlocking systems, and general corporate purposes. All utilized amounts align with the original allocations, with no significant variances reported for the quarter.
Key Highlights
- No deviation reported in IPO fund utilization for the quarter ended June 30, 2026.
- Total IPO funds raised were ₹2900.00 million.
- Funds were utilized for issue expenses, working capital, and capital expenditure.
- No changes in contract terms or objects requiring shareholder approval were noted.
- Audit Committee and auditors provided 'No Comments' on fund utilization.
Price Impact
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