Capitalnumbers Infotech Ltd — Important, 31-08-2026: Company Update
31-08-2026 | 06:44 pm
31-08-2026 | 06:44 pm
The company's board has approved key strategic and operational changes. Mr. Anand V Varanasi was appointed as Senior Managerial Personnel, and internal and secretarial auditors were re-appointed. Importantly, the board modified IPO fund utilization: Rs. 5 Cr, initially for a subsidiary's working capital, can now also be deployed into a proposed new subsidiary, Epitome Cloud Inc., and its entities, enhancing strategic flexibility. Additionally, Rs. 11.46 Cr of unutilized IPO issue expenses will be reallocated to fund the acquisition of Epitome Cloud Inc. and its Indian subsidiary for roughly Rs. 40 Cr. This reallocation, pending shareholder approval, supports growth and group strengthening.
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