Chatterbox Technologies Limited has submitted its Statement of Deviation/Variation in the utilization of funds raised through its Initial Public Offer for the quarter ended September 30, 2026. The company confirms there are no deviations or variations in the utilization of funds compared to the originally disclosed objects and amounts. However, the report indicates minor delays in the progress of certain projects related to manpower enhancement, office setup, and brand building initiatives, with explanations provided for these timelines.
IPO Fund Utilization Statement Submitted
Chatterbox Technologies Limited has officially submitted its Statement of Deviation/Variation concerning the utilization of funds raised via its Initial Public Offer (IPO). This report pertains to the financial quarter ending September 30, 2026, as mandated by Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has categorically stated that there have been no deviations or variations in the utilization of the IPO funds. The statement was reviewed and approved by the company’s Audit Committee during its meeting held on Friday, November 06, 2026.
Breakdown of Fund Utilization
The report details the utilization of funds across various objects, confirming adherence to the initial prospectus. Specifically:
- Funding Capital expenditure for Existing business: The original object was capital expenditure for existing business. While ₹11.07 crore was allocated, ₹2.37 crore has been utilized so far. Progress is noted as delayed, with the Prospectus proposing utilization by March 31, 2026. The delay is attributed to manpower enhancement initiatives, particularly for senior roles, which have taken longer than anticipated.
- Funding Capital expenditure for setting up an additional office cum setting up a new studio: Originally allocated ₹7.14 crore, ₹6.79 crore has been utilized. The utilization is delayed as per the Prospectus timeline of March 31, 2026. Office premises have been taken on lease, and setup is complete.
- Funding Capital expenditure for Brand Building of own Company: With an allocation of ₹5.02 crore, ₹2.93 crore has been utilized. The utilization is delayed, with the Prospectus referencing a timeline of March 31, 2026. The brand-building contract spans 12 months from December 2025, with payments released as per agreed terms.
- Meeting the incremental working capital requirements of our company: The allocated amount was ₹6.33 crore, with ₹6.31 crore utilized. The company has not completed the utilization within the proposed timeline ending March 31, 2026, resulting in a delay of six months as of September 30, 2026. This balance constitutes a deviation due to phased deployment of funds.
- General Corporate Purposes: An allocation of ₹5.67 crore was made, with ₹1.51 crore utilized. Similar to other segments, utilization is delayed past the March 31, 2026 timeline. The unutilized amount is expected to be deployed based on business requirements and operational priorities.
- Issue Related Expenses: The full allocated amount of ₹7.64 crore remains unutilized and is classified under ‘No Deviation/Variation’.
The report emphasizes that for all categories where utilization is underway, the explanations provided are consistent with the company’s operational progress and strategic planning.
Source: BSE
