Pursuant to Reg.32 (LODR) Regulation 2015 and further to disclosures submitted by the company from time to time regarding utilisation of IPO proceeds, we wish to inform that the proceeds ....
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3C IT Solutions and Telecoms (India) Ltd has informed BSE that the proceeds from its Initial Public Offering (IPO) have been fully utilised as of 31st March, 2025. The total net IPO proceeds amounted to Rs. 849.86 lakhs. The funds were deployed across three stated objects: Rs. 385.79 lakhs for funding working capital requirements, Rs. 243.52 lakhs for repayment/prepayment of borrowings, and Rs. 220.55 lakhs for general corporate purposes. An auditor's certificate from CMRS and Associates LLP confirms the full utilisation with no unutilised amount outstanding. The Board of Directors noted this completion at their meeting on 30th May, 2026, and the reporting requirements under Regulation 32 of SEBI (LODR) Regulations, 2015 have been closed.
For shareholders, this confirms the company has deployed IPO funds as promised in the offer document with no deviations. The focus on working capital and debt reduction suggests improved financial flexibility. This closure of reporting requirements removes a recurring compliance obligation.