Please find enclosed the Statement of Deviation or variation of funds raised through Initial Public Offer (''IPO") for the quarter ended March 31, 2026
POLICYBZR · price
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PB Fintech (Policybazaar/Paisabazaar parent) has filed its Q4 FY26 quarterly deviation report for its November 2021 IPO. The company confirms there was NO deviation or variation in fund utilization during this specific quarter (Q4 FY26). However, the filing notes that during Q4 FY25 (via shareholder resolution dated March 16, 2025), the company reallocated ₹42,351.90 lakhs from strategic investments and overseas expansion toward expanding its consumer base including offline presence, and extended the utilisation timeline to March 31, 2026. As of March 31, 2026, total IPO proceeds of ₹3,61,268.50 lakhs (out of ₹3,61,309 lakhs raised via fresh issue) have been fully deployed across five objects, with no further deviation reported this quarter.
No immediate concern for shareholders. The company has fully deployed IPO proceeds with all objects accounted for. Past reallocations (shifting funds from acquisitions and overseas expansion toward offline growth) were already approved by shareholders and carry no further action required.