Statement of Deviation or Variation along with Declaration of full utilization of IPO proceeds
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Techknowgreen Solutions has confirmed full utilization of its IPO proceeds of Rs. 16.72 crore raised in September 2023, with no deviation or variation from the objects stated in the prospectus. The funds were deployed across seven approved categories: R&D (Rs. 210.78 lakh), office premises (Rs. 200 lakh), refurbishment and equipment (Rs. 99.05 lakh), team expansion (Rs. 177 lakh), bank facility repayment (Rs. 285.08 lakh), general corporate purposes (Rs. 387.46 lakh), and issue expenses (Rs. 312.47 lakh). Statutory auditor Vishwas & Associates certified the utilization after reviewing books and records, and the Audit Committee and Board approved the filing on November 12-13, 2025. The report is filed for the quarter ended September 30, 2025, marking the complete deployment of all IPO funds as originally planned.
This is a positive compliance update that removes any overhang related to pending IPO fund deployment. Investors can take comfort that the company stuck to its stated objectives without diverting funds, which strengthens governance credibility. For the stock, it is a neutral-to-mildly-positive signal as it signals the end of the post-IPO monitoring phase.