Info Edge (India) Limited has confirmed that there was no deviation or variation in the utilization of funds raised via its Qualified Institutional Placement (QIP) during the quarter ending December 31, 2025. The total amount raised in August 2020 was Rs. 18,750 Mn. The statement of NIL deviation was reviewed by the Audit Committee and approved by the Board on February 13, 2026. Funds utilized during the quarter totaled Rs. 8,114.33 Mn against the original allocation.
Confirmation of Fund Utilization Status
Info Edge (India) Limited has issued a mandatory statement confirming its utilization status for the proceeds raised through its Qualified Institutional Placement (QIP) conducted in August 2020. The filing covers the financial quarter ended December 31, 2025.
The company explicitly states there is no deviation or variation in how the QIP funds have been utilized, aligning completely with the original objects disclosed at the time of fundraising.
Financial Details and Allocation Summary
The total funds raised via the QIP amounted to Rs. 18,750 Mn (Net of expenses of Rs. 459.68 Mn). The original allocation for the stated purpose was Rs. 18,290.32 Mn.
- Funds Utilized in Q3 FY2025-26: Rs. 8,114.33 Mn
- Deviation/Variation Reported: NIL
Original Objects of Fundraising
The primary purpose of raising these funds was to augment the company’s long-term cash resources to meet requirements for business activities and general corporate purposes, supporting its overall growth strategy. Pending deployment toward core objectives, the management intended to invest the Net Proceeds in creditworthy instruments, including money market instruments, mutual funds, and deposits with banks and corporates.
Governance Review
This statement, confirming the NIL deviation, was formally reviewed by the company’s Audit Committee and subsequently noted by the Board of Directors during their respective meetings held on February 13, 2026.
Source: BSE
