Sodhani Academy of Fintech Enablers Ltd — Important, 13-11-2025: Company Update
Sodhani Academy of Fintech Enablers (SAFE) has confirmed no deviation in the utilization of its Initial Public Offer (IPO) proceeds for the half-year ending September 30, 2025. The company successfully raised Rs. 3.88 Cr through its IPO. While adhering to its overall objectives, SAFE strategically reallocated Rs. 0.07 Cr from General Corporate Purposes to boost brand visibility. Additionally, Rs. 0.20 Cr previously allocated for offer-related expenses was moved to General Corporate Purposes, aligning with original prospectus disclosures. The remaining unutilized IPO funds, totaling Rs. 1.45 Cr, are currently secured in SBI Magnum Low Duration Fund. This statement was reviewed by the Audit Committee and taken on record by the Board.
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