Regulatory31 Jul 2026, 02:50 pm
Sigma Solve Ltd: ₹31.57 Lakhs Deviation in IPO Fund Use for Q2 FY27
AI Summary
Sigma Solve Ltd has filed a Statement of Deviation for the quarter ended June 30, 2026, detailing a variation of ₹31.57 Lakhs in the utilization of IPO funds. This deviation pertains to the unutilized amount allocated for Public Issue Expenses, which will now be transferred to General Corporate Purpose. The company had obtained shareholder approval via special resolution on September 19, 2022, to vary the objects of the IPO for unutilized amounts. The Audit Committee reviewed and approved this statement on July 31, 2026. The total funds raised were ₹495.45 Lakhs.
Key Highlights
- Deviation of ₹31.57 Lakhs in IPO fund utilization reported for Q2 FY27.
- Unutilized Public Issue Expenses to be reallocated to General Corporate Purpose.
- Shareholder approval for fund utilization variation obtained on September 19, 2022.
- Audit Committee reviewed and approved the deviation statement.
- Total IPO funds raised amounted to ₹495.45 Lakhs.
Price Impact
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