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 reported a variation of Rs. 31.57 Lakhs in the use of its IPO proceeds for the quarter ended December 31, 2025. The company had raised Rs. 495.45 Lakhs through its IPO in October 2020, earmarked across four objects: acquisitions and strategic initiatives (Rs. 230 Lakhs), investment in subsidiary (Rs. 70 Lakhs), general corporate purpose (Rs. 120 Lakhs), and public issue expenses (Rs. 75.45 Lakhs). Out of this, Rs. 265.45 Lakhs has been utilized so far, with the subsidiary investment and general corporate purpose objects fully deployed. The unutilized Rs. 31.57 Lakhs under public issue expenses is being reallocated to general corporate purpose, for which shareholder approval was secured via a special resolution passed on September 19, 2022. The audit committee reviewed and noted the statement at its meeting held on January 13, 2026.
Routine compliance disclosure with no material impact on shareholders — the company is simply formalizing the reallocation of a small leftover IPO amount (already approved by shareholders in 2022), reflecting transparency rather than any fresh capital action or strategic shift.