Mach Conferences And Events Ltd — Important, 28-11-2025: Company Update

Mach Conferences and Events Limited (MCEL) shared its auditor's certificate on IPO fund utilization for the half-year ended September 30, 2025. Out of the 50.15 Cr total IPO proceeds proposed, 4.37 Cr was used for public issue expenses and 33.26 Cr for working capital, fully exhausting these allocations. For general corporate expenses, 10.57 Cr out of 12.52 Cr proposed was utilized, leaving 1.95 Cr unspent. This update confirms how IPO funds were deployed, showing most targets met, with a small portion of corporate expenses remaining for future use.