TAC Infosec Limited — Important, 28-04-2025: General Updates

TAC Infosec Limited has submitted a statement detailing the utilization of funds raised through its Initial Public Offer (IPO) for the half-year ending March 31, 2025. The company raised approximately Rs. 29.99 Cr, with the funds allocated primarily towards investment in human resources and product development, general corporate purposes, and public issue-related expenses. The report indicates that there has been no deviation in the use of funds, with all allocations remaining in line with those originally disclosed.

Key allocations include Rs. 18.65 Cr earmarked for human resources, which remains unutilized, while Rs. 4.37 Cr of the Rs. 7.44 Cr allocated to general corporate purposes has been utilized. The company assures stakeholders of proper fund management and continues to monitor utilization closely. Overall, the outlook remains positive, suggesting that the funds are being appropriately managed and utilized for intended growth initiatives.