Statement of Deviation & Variation for the half year ended September 30, 2025
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Meta Infotech has filed a regulatory update confirming that there is no deviation or variation in the use of funds raised through its IPO, which was allotted on July 9, 2025 and listed on the BSE SME platform on July 11, 2025. The total IPO size was Rs. 80.18 crore, comprising a fresh issue of Rs. 20.04 crore and an offer for sale of Rs. 60.13 crore. After deducting issue expenses of Rs. 2.53 crore, net proceeds to the company were Rs. 17.48 crore. Of this, Rs. 15.35 crore has been fully utilised for repaying borrowings (working capital and term loan), while Rs. 2.27 lakh has been used for general corporate purposes. The remaining Rs. 2.11 crore earmarked for setting up a new office at MINT Sahar and an interactive experience centre at the registered office is still unutilised and has been temporarily parked in fixed deposits. The audit committee and auditors had no comments on the report.
The filing reassures shareholders that IPO funds are being used as originally planned, with no misuse or diversion. Investors should track whether the pending capex on the new office and experience centre is completed in the coming quarters, as these projects are still pending deployment of Rs. 2.11 crore.