Statement of Deviations or Variations pursuant to Reg 32 of SEBI (LODR) Regulations, 2015, for the half year ended September 30, 2025.
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Capitalnumbers Infotech filed its half-yearly update on the use of IPO proceeds raised in January 2025, when it listed on BSE with a fresh issue of Rs. 8,468.60 lakhs. The company reports no deviation or variation – funds are being used for the originally stated purposes. However, only Rs. 2,379 lakhs (~28%) has been deployed so far, while Rs. 6,089.60 lakhs remains unutilised and parked in fixed deposits. Almost all of the issue-expense allocation (Rs. 2,104.68 lakhs of Rs. 2,117.15 lakhs) has been spent. In contrast, operational heads show very low usage: just Rs. 138.83 lakhs used out of Rs. 1,782 lakhs earmarked for technology advancement, and Rs. 120.49 lakhs out of Rs. 1,500 lakhs for business development. The Rs. 500 lakhs for subsidiary investment and Rs. 2,569.45 lakhs for acquisitions and general corporate purposes remain completely untouched. The audit committee confirmed proceeds were used for the stated objects and auditors offered no adverse comments.
Clean compliance with no diversion of funds is reassuring for shareholders, but the slow deployment — nearly 72% of IPO money still sitting in FDs after ~8 months — suggests the company's growth and acquisition plans are lagging, which may temper near-term growth expectations.