Corporate Governance4 Nov 2026, 02:21 pm
Workmates Core2Cloud Solution Ltd: No Deviation in IPO Fund Utilization for H1 FY27
AI Summary
Workmates Core2Cloud Solution Ltd has filed its Statement of Deviation for the half-year ended September 30, 2026. The company reported no deviation in the utilization of funds raised through its IPO, amounting to ₹69.84 Crores. The proceeds have been utilized as per the prospectus. Specifically, ₹29.20 Cr was used for working capital, ₹8.60 Cr for debt repayment, ₹2.63 Cr for general corporate purposes, and ₹9.80 Cr for issue expenses. The Audit Committee has reviewed and approved the statement, confirming that funds were utilized for stated purposes.
Key Highlights
- No deviation reported in IPO fund utilization for H1 FY27.
- Total IPO funds raised were ₹69.84 Crores.
- Funds utilized for working capital, debt repayment, and general corporate purposes.
- Audit Committee reviewed and approved the statement of deviation.
Price Impact
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