<h1>Sigma Solve Ltd reports on utilization of IPO proceeds for Quarter ended June 30, 2026</h1>
Sigma Solve Ltd has provided a Statement regarding deviations or variations in the use of Public Issue (IPO) proceeds for the quarter ending June 30, 2026. The statement details the allocation and usage of funds raised through the IPO, including unutilized amounts from various categories.
The company noted that it had previously secured Shareholder approval via a Special Resolution passed on September 19, 2022, during its 12th Annual General Meeting. This resolution allowed for the variation of the IPO objects to transfer any unutilized amount to General Corporate Purpose.
The company reported an unutilized amount totaling 31.57 Lakhs pertaining to Public Issue Expenses.
In addition, Sigma Solve Ltd confirmed that there was no change regarding the utilized amount of Rs 265.45 Lakhs, which was reported in December 2023 and relates to Investment in Subsidiary, General Corporate Purpose, and Public Issue Expenses. The company also provided details concerning the allocation status for funds raised.
The financial status of the fund utilization as reported includes:
| Fund Category | Unutilized Amount (Lakhs) |
|---|---|
| Public Issue Expenses | 31.57 |
Management confirmed that all necessary records have been updated regarding the utilization and deviation details.
SIGMA Stock Price Movement
Sigma Solve Limited shares are surging in live trading as of 3:17 PM, climbing over 13.60% in a session that has pushed the stock to ₹54.87. The equity trades amid significant activity, with nearly 4.72 million shares exchanged during the active market period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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