Submission of Statement of Deviation for the Half year ended on 30th September, 2025
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Awaiting price reaction for this filing.
Infonative Solutions has confirmed there are no deviations or variations in the use of funds raised through its SME IPO, which was allotted on April 4, 2025. The company raised Rs. 24.71 crore (31.28 lakh equity shares at Rs. 79 each). Of the total Rs. 24.71 crore allocated, Rs. 12.38 crore has been utilised so far. Specifically, Rs. 6.15 crore has been spent on developing new products, courses and LMS features including laptop purchases (against Rs. 7.35 crore allocated), Rs. 2.05 crore on working capital (against Rs. 5.01 crore allocated), the full Rs. 4.18 crore on public issue expenses, and nothing yet from the Rs. 8.17 crore earmarked for general corporate purposes and unidentified acquisitions. The statement was reviewed by the Audit Committee and certified by statutory auditors Kailash Chand Jain & Co on November 14, 2025.
This is a routine compliance filing that reassures shareholders that IPO money is being spent as promised, though the slow deployment of working capital and general corporate funds (over Rs. 11 crore still unutilised) means investors may want to track upcoming quarterly updates to see how and when the remaining funds get put to use.