Please find the enclosed statement of Deviation or variation for the Quarter ended 31st March 2026
QUADFUTURE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quadrant Future Tek Ltd has filed a compliance statement confirming there is NO deviation or variation in the utilisation of IPO proceeds for Q4 FY26. The company raised Rs. 2900 million via IPO on January 10, 2025, with CARE as the monitoring agency. As of March 31, 2026, Rs. 2671.20 million (92%) has been utilised across five objects. Capital expenditure for electronic interlocking system development shows the lowest utilisation at Rs. 16.50 million out of Rs. 243.80 million allocated (6.8%), suggesting slower-than-planned deployment on that project. All other objects show near-complete utilisation, with general corporate purpose slightly exceeding the original allocation.
Positive for shareholders — the company has maintained fund utilisation discipline with zero deviation, and no audit committee or auditor concerns were raised. The low capital expenditure utilisation may indicate project execution is still in early stages.