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IDEAFORGE TECHNOLOGY LIMITED — Regulatory Filings 2025
Jan 29, 2025
61104_rns_2025-01-29_455b4d2f-fe8e-4a6d-838a-b8516662fc83.pdf
Regulatory Filings
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www.ideaforgetech.com
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January 29, 2025
| To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001. BSE Scrip Code:543932 |
To, The National Stock Exchange of India Limited “Exchange Plaza”, Bandra – Kurla Complex, Bandra (EAST), Mumbai – 400 051 NSE SYMBOL: IDEAFORGE |
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Sub: Intimation of statement of deviation and variation under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Ma’am,
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended December 31, 2024, there is no deviation or variation in the utilisation of proceeds of the IPO from the objects stated in the Prospectus dated June 19, 2023.
A statement of deviation or variation in utilisation of funds raised through 'IPO' for the quarter ended December 31, 2024, duly reviewed by the Audit Committee of the Company at its meeting held on January 28, 2025, is enclosed herewith.
We request you to take the above on record.
Thanking you,
For ideaForge Technology Limited SONAM Digitally signed by SONAM DILIPKUMAR DILIPKUMAR GUPTA Date: 2025.01.29 10:39:03 GUPTA +05'30' Sonam Gupta Company Secretary & Compliance Officer Membership No. A53881
idea Forge Technology Limited
(Formerly ideaForge Technology Private Limited)
EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007
Email: [email protected] CIN No. L31401MH2007PLC167669
www.ideaforgetech.com
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January 29, 2025
STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED
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Name of listed entity ideaForge Technology Limited
Mode of Fund Raising Public Issue (Initial Public Offer (IPO)
Date of Raising Funds July 05, 2023
Amount Raised 567.245 Crores
Report filed for Quarter ended December 31, 2024
Monitoring Agency Applicable
Monitoring Agency Name, if applicable ICRA Limited
Is there a Deviation / Variation in use of No
funds raised
If yes, whether the same is pursuant to Not Applicable
change in terms of a contract or objects,
which was approved by the
shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after Not Applicable
review
Comments of the auditors, if any No
Objects for which funds have been (Rs. In Crore)
raised and where there has been a Repayment/prepayment of certain 50.00
deviation, in the following table indebtedness availed by our Company
Funding working capital gap 135.00
Investment in product development 40.00
General Corporate purposes 0.16
Total 225.16
Original Modified Original Modified Funds Amount of Remarks
Object Object, If Allocation Allocation, Utilized Deviation/Variation if any
Any if any For the quarter
According to
applicable object
Not Applicable as no deviation from object
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Deviation or variation could mean:
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a) Deviation in the objects or purposes for which the funds have been raised or
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b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
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c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
For ideaForge Technology Limited
SONAM Digitally signed by SONAM DILIPKUMAR DILIPKUMAR GUPTA Date: 2025.01.29 10:39:48 +05'30' GUPTA
Sonam Gupta Company Secretary & Compliance Officer Membership No. A53881
idea Forge Technology Limited (Formerly ideaForge Technology Private Limited)
EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007
Email: [email protected] CIN No. L31401MH2007PLC167669