Please find enclosed statement of deviation or variation in utilization of funds for the half year ended March 31, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Meta Infotech Limited has filed its half-yearly fund utilization report for IPO proceeds. The company raised Rs. 20.01 crore through IPO in July 2025, with net proceeds of Rs. 17.48 crore after issue expenses. Of this, Rs. 15.37 crore (88%) has been utilized while Rs. 2.11 crore remains unutilized and parked in fixed deposits. The full Rs. 15.35 crore allocated for loan repayment has been deployed. However, two capital expenditure projects totaling Rs. 2.11 crore remain unutilized because the company is still waiting for the Occupancy Certificate from the builder for the new office premises at MINT Sahar. The Interactive Experience Centre is linked to the completion of the Sahar Mint office. There is no deviation reported — funds are being used as per the IPO objectives, just with timing delays.
The delay in deploying Rs. 2.11 crore for office setup and experience centre is a timing issue, not a misuse of funds. No material concern for shareholders as the unutilized amount is safely parked. Once the builder delivers the occupancy certificate, these funds will be deployed as planned.