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Info Edge (India) LimitedOthers, 08-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

08-08-2025 | 02:05 pm

Info Edge (India) Limited has confirmed no deviation in the use of funds from its Qualified Institutions Placement (QIP) of Rs 1,875 crore, with net proceeds of approximately Rs 1,829 crore. As of the recent report, Rs 793.93 crore of these funds have been utilized. These funds were earmarked to bolster long-term cash resources for business activities and general corporate purposes, supporting the company's growth strategy. The Audit Committee and Board have reviewed and affirmed that the utilized funds align with the original stated objectives, ensuring transparency for shareholders.

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