TBO Tek: No Deviation in IPO Fund Utilization for Q ended Mar 2026

TBO Tek Limited has submitted its Statement of Deviation or Variation in the utilization of Initial Public Offer (IPO) proceeds for the quarter ended March 31, 2026. The company raised Rs. 400 Crore through its IPO on May 13, 2024. The statement, reviewed by the Audit Committee and taken on record by the Board on May 28, 2026, confirms that there has been no deviation or variation in the use of the funds raised. CARE Ratings Limited is the monitoring agency for these funds, indicating adherence to the originally disclosed utilization plan.