Regulatory19 May 2026, 04:05 pm
Sigma Solve: Deviation Statement for March 31, 2026
AI Summary
Sigma Solve Ltd submitted a statement of deviation for the quarter and year ended March 31, 2026, pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee reviewed the statement on May 19, 2026. Shareholders approved varying IPO objects for the unutilized amount at the AGM on September 19, 2022, transferring it to General Corporate Purpose. There is a deviation in the utilization of funds raised, specifically regarding public issue expenses, which will now be used for general corporate purposes. The unutilized amount for public issue expenses is ₹31.57 Lakhs.
Key Highlights
- Sigma Solve submits deviation statement for quarter ended March 31, 2026.
- Deviation involves re-allocation of unutilized public issue expenses.
- ₹31.57 Lakhs of public issue expenses re-allocated to General Corporate Purpose.
- Shareholder approval for object variation obtained on September 19, 2022.
- Audit Committee reviewed the deviation statement on May 19, 2026.
Price Impact
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