This is to inform you that there is no deviation or variation in the utilisation of IPO proceeds of the Company and therefore, we hereby submit the NIL Statement of Deviation or variation, ....
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Logiciel Solutions Ltd has filed a NIL deviation statement confirming that its IPO proceeds of ₹39.9 crore (raised on 03-12-2025) have been used for the original objects stated in the offer document. For the quarter ended 31st March 2026, the company utilized ₹1575.03 lakhs out of ₹3990.47 lakhs raised, with zero deviation across all categories including capital expenditure (physical and IT infrastructure), human resource investment, business development, general corporate purpose, issue expenses, and offer for sale. The Audit Committee reviewed and confirmed compliance, and auditors reported no deviation identified.
This is a positive compliance filing for Logiciel Solutions Ltd. The NIL deviation statement assures investors that the company is adhering to its stated IPO objectives and utilizing funds as promised. For shareholders, this confirms proper governance and fund management, though the filing does not itself move the stock.