Company has submitted to the exchange statement of deviation and variations for the Financial year ending 31st March, 2026
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Landmark Global Learning Limited has submitted its quarterly statement on utilization of IPO proceeds as of 31 March 2026. The company raised ₹40.32 crore via IPO on 23 January 2025. As of the reporting date, only ₹13.83 crore (34.3%) of the raised funds have been utilized, leaving ₹26.49 crore still pending deployment. Specifically, capital expenditure for new branches is only 27.6% utilized (₹3.04 crore of ₹11.01 crore), advertising expenses are at 36.1% utilization (₹5.03 crore of ₹13.95 crore), and acquisitions are entirely untouched at ₹0 of the ₹9.60 crore allocated. General corporate purposes and public issue expenses have been fully deployed. No formal deviation has been reported, and the audit committee took note of the statement at its meeting on 27 May 2026.
The large unutilized balance (~66% of IPO proceeds still undeployed) is a key flag for investors. It could indicate slower-than-expected business expansion or deployment planning. Until clarity on timelines emerges, this may create some investor uncertainty about execution capability.