Statement of Deviation or Variation for the half year ended September 30, 2025.
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Awaiting price reaction for this filing.
Landmark Global Learning Limited has filed its half-yearly report on the use of IPO proceeds, confirming no deviation or variation from the original plan. The company raised Rs. 40.32 crore through its IPO in January 2025 and has so far utilized Rs. 10.89 crore (about 27%) as of September 30, 2025. Public issue expenses of Rs. 4.72 crore are fully utilized. Spending on new branch setup stands at Rs. 2.47 crore against the planned Rs. 11.01 crore, while Rs. 3.25 crore has been used for advertising against the Rs. 13.95 crore budget. Notably, the entire Rs. 9.6 crore earmarked for acquisitions through inorganic growth remains untouched. The statement was reviewed by the Audit Committee and certified by statutory auditors Sumit Bharti & Associates on November 14, 2025.
No deviation is a positive governance signal for shareholders. However, the slow pace of deployment, especially the Rs. 9.6 crore meant for acquisitions being completely unutilized, suggests the company is still working on its inorganic growth plans, which may be a point of investor interest going forward.