Sigma Solve Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Sigma Solve has filed a quarterly statement under SEBI Listing Regulation 32 reporting how the money raised from its October 2020 IPO (Rs. 495.45 lakhs total) has been used. Of the original allocation, Rs. 265.45 lakhs has already been spent — Rs. 75.45 lakhs on a subsidiary, Rs. 120 lakhs on public issue expenses, and Rs. 70 lakhs on general corporate purposes. The remaining unutilized Rs. 31.57 lakhs, originally earmarked for acquisitions and strategic initiatives, is being reallocated to general corporate purposes. This reallocation was already approved by shareholders through a special resolution passed on September 19, 2022, and has been reviewed by the Audit Committee on August 6, 2025.
This is a routine quarterly compliance filing, not a new development — the deviation was already shareholder-approved back in 2022. It is largely neutral for investors, indicating the company is formally closing out the IPO fund usage with a small leftover amount redirected to general purposes.