Enclosed herewith the Statement of Deviation for the quarter ended March 31, 2026
NAUKRI · price
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Info Edge (India) Ltd has filed a NIL deviation statement confirming that funds raised through its Qualified Institutional Placement (QIP) in August 2020 (Rs. 18,750 million / Rs. 18.75 billion) are being used as originally intended. The company has utilized Rs. 8,216.43 million of the net proceeds (Rs. 18,290.32 million after expenses), with the remaining funds held in creditworthy instruments like money market funds, mutual funds, and bank deposits. The Audit Committee reviewed and the Board noted this statement on May 22, 2026, with Interim CFO Ambarish Raghuvanshi signing off. This is a routine regulatory filing under SEBI Listing Regulations.
NIL deviation is a positive signal for shareholders as it confirms the company is adhering to its stated use of proceeds from the 2020 QIP. The remaining deployment in liquid instruments suggests prudent fund management while awaiting deployment opportunities.