Infibeam Avenues confirms full utilization of rights issue funds in Q3

Infibeam Avenues Limited announced on November 13, 2025, that there was no deviation in the utilization of funds raised through its rights issue. This statement covers the quarter ended September 30, 2025, and aligns with the objects outlined in the letter of offer dated June 19, 2025. The company's audit committee and board of directors reviewed and approved this report.

The rights issue, initiated on July 15, 2025, aimed to raise Rs. 69,998.57 Lakhs, with Rs. 34,999.29 Lakhs received on application. Key allocations included Rs. 6,984.00 Lakhs for investment in Infibeam Projects Management Private Limited for loan repayment, which has been fully utilized.

Other planned investments, such as Rs. 29,399.59 Lakhs for Nueromind Technologies Private Limited and Rs. 8,766.40 Lakhs for Rediff.com India Limited, showed no utilization during this period. Additionally, Rs. 24,388.58 Lakhs was allocated for future acquisitions and general corporate purposes, with Rs. 7,810.00 Lakhs utilized. The monitoring agency for this fund utilization is CARE Ratings Limited.