Statement of Deviation/Variation in utilization of funds raised through Initial Public Offer for the half year ended on March 31, 2026.
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Chatterbox Technologies Ltd has filed a Statement of Deviation/Variation in the utilization of IPO funds for the half year ended March 31, 2026, as required under SEBI (LODR) Regulations 2015, Regulation 32(1). The statement has been reviewed and approved by the company's Audit Committee at its meeting held on April 29th, 2026. The filing indicates that there has been a deviation or variation from the originally stated use of IPO proceeds. The specific details of the deviation amounts and proposed reallocations are not included in the cover letter but would be in the attached schedule. The company has now formally reported this to BSE for record-keeping.
A deviation statement signals that the company has not deployed IPO funds as originally promised in the offer document. Investors should carefully review the detailed schedule to assess whether the reallocation is justified by business needs or if it represents a cause for concern regarding capital management.