Sigma Solve Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Sigma Solve Limited has filed its quarterly statement of deviation/variation in utilisation of IPO proceeds for Q4 and FY ended March 31, 2026. The company raised Rs. 495.45 lakhs via IPO on October 15, 2020. Out of this, Rs. 265.45 lakhs has been utilised — Rs. 75.45 lakhs on Public Issue Expenses, Rs. 120.00 lakhs on Investment in Subsidiary, and Rs. 70.00 lakhs on General Corporate Purpose. There is no variation in the utilisation of these amounts compared to the previous quarter. However, Rs. 31.57 lakhs (originally budgeted for Public Issue Expenses) remains unutilised. Shareholders had already approved, via a Special Resolution on September 19, 2022, to transfer this unutilised amount to General Corporate Purpose.
No immediate concern for shareholders — the deviation was already approved by shareholders in 2022. The unutilised Rs. 31.57 lakhs from the IPO budget is being formally reallocated to General Corporate Purpose, which is a routine housekeeping filing.