Corporate Governance2 Nov 2026, 07:12 pm
Xtranet Technologies: No IPO Fund Use Deviation in Q2 FY27
AI Summary
Xtranet Technologies Ltd has filed a Statement of Deviation/Variation for the quarter ended September 30, 2026, confirming no deviation in the utilization of proceeds from its Initial Public Offer (IPO). The company raised ₹16,680.18 Lakhs (₹166.80 Crore) and has utilized ₹11,572.07 Lakhs (₹115.72 Crore) for various purposes including repayment of borrowings, capital expenditure, working capital, general corporate purposes, and issue-related expenses. The utilization was reviewed by the Audit Committee and approved by the Board. The equity shares of the company were listed on BSE and NSE effective July 30, 2026.
Key Highlights
- No deviation reported in IPO fund utilization for Q2 FY27.
- Total IPO proceeds raised were ₹16,680.18 Lakhs (₹166.80 Crore).
- Funds were utilized for borrowings, capex, working capital, and general purposes.
- Statement reviewed by Audit Committee and Board.
- Company shares listed on BSE and NSE from July 30, 2026.
Price Impact
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