Pursuant to Reg 32 of SEBI(LODR) Reg, 2026, Statement of Deviation/Variation is attached. We hereby inform that there is no deviation or variation in the utilization of proceeds raised ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Purple Wave Infocom Limited filed its half-yearly statement on IPO fund utilisation. The company raised Rs. 31.45 crores via IPO in December 2025. While the company initially planned to buy a commercial property at MNG Tower, Dwarka, Delhi, the seller did not complete the transaction. The company instead purchased an alternative commercial property in Gurugram (Neo Square, Sector-109) for the same purpose. The audit committee confirmed that despite the location change, the overall object of purchasing office space remains unchanged. Issue expenses came in slightly higher than estimated (Rs. 4.59 crores vs Rs. 4.50 crores budgeted), adjusted from general corporate purpose funds.
This is a routine compliance filing with minimal shareholder impact. The company exercised flexibility within the stated object of purchasing commercial office space. Shareholders should note that IPO proceeds are being deployed as intended, just at a different location.