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Awaiting price reaction for this filing.
Mach Conferences and Events Limited submitted a certificate from its statutory auditor Gulati Sandeep & Co. confirming the utilization of IPO proceeds for the half year ended 30 September 2025, as required under SEBI Regulation 262. The company raised a total of ₹5,015.25 Lakhs through the IPO. Of this, ₹437.34 Lakhs earmarked for public issue expenses and ₹3,326.00 Lakhs for working capital have been fully utilized. ₹1,057.14 Lakhs out of the ₹1,251.91 Lakhs allocated for general corporate expenses has been used, leaving ₹194.77 Lakhs (roughly 3.9% of total proceeds) still unutilized in that category.
This is a routine compliance disclosure with no material business action. The auditor-confirmed near-complete deployment of IPO funds signals responsible use of capital, while the small unutilized balance (₹194.77 Lakhs) means shareholders may see these funds deployed in upcoming quarters for general corporate purposes.