R K Swamy Ltd: No IPO Fund Use Deviation for Q2 FY27
R K Swamy Ltd has confirmed no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended June 30, 2026. The statement, reviewed by the Audit Committee and approved by the Board, indicates that all funds raised through the IPO on March 8, 2024, amounting to ₹4,235.60 million, have been utilized as per the objects mentioned in the prospectus. Specific allocations for working capital, IT infrastructure, and setting up new CEC/CATI facilities show utilization, while funds for a DVCP Studio and general corporate purposes were either fully utilized in previous quarters or had no utilization in the current quarter. The company uploaded this intimation on its website.
Key Highlights
- No deviation in IPO fund utilization for Q2 FY27 reported.
- Funds raised were ₹4,235.60 million via IPO on March 8, 2024.
- Utilization confirmed for working capital and IT infrastructure.
- Audit Committee and Board reviewed and approved the statement.
- Information is available on the company's website.
Price Impact
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