Lex Nimble Solutions Ltd — Updates, 18-06-2025: Company Update

Lex Nimble Solutions has announced that all IPO proceeds have been fully utilized as of March 31, 2025. The company raised ₹6.34 lakh through a public issue in 2018, with utilization deviating from original plans due to over-allocation and changes in business strategy. Key reallocations include increased spending on ISO certifying body establishment and general corporate purposes, partly to support the company’s growth and new business initiatives like CMMI consulting and Simple Law customization for the Indian market. These shifts were approved by shareholders and endorsed by the audit committee.