https://nsearchives.nseindia.com/corporate/TAC_06112024180943_Statement_of_deviation_R.pdf
Mumbai, INDIA – November 06, 2024 – TAC Infosec Limited (NSE: TAC, ISIN: INE0SOY01013), a prominent name in the global cybersecurity landscape, has issued a revised statement on the utilization of funds raised through its Initial Public Offering (IPO) for the half-year ended September 30, 2024. This revision was necessitated by a minor correction identified in the public issue-related expenses section of the initial statement.
Key Corrections and Details:
- Revised Utilization for Public Issue Expenses: The corrected amount for unutilized funds stands at Rs. 0.18 crores, with the utilized fund amount revised to Rs. 3.72 crores.
- Investment in Human Resources and Product Development: Rs. 18.65 crores, currently unutilized and held in fixed deposits.
- General Corporate Purposes: Rs. 7.44 crores, unutilized.
Details of IPO Funds Raised:
- Date of Fundraising: April 03, 2024 (Trading commenced on April 05, 2024, following allotment).
- Total Amount Raised: Rs. 29.99 crores from the issue of 2,829,600 equity shares at Rs. 106 per share (inclusive of a Rs. 96 share premium).
TAC Infosec Limited confirms that there have been no deviations or variations in the use of IPO proceeds as defined under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised statement reflects the company’s commitment to transparent reporting and adherence to regulatory requirements.
Third-Party Certification: A certificate from M/s. Maharishi & Co., Chartered Accountants, has been provided, confirming the accuracy of the utilization of IPO proceeds based on the company’s documents, including the final prospectus, bank statements, and expenditure ledger.
Trishneet Arora, Chairman, Executive Director, and CEO of TAC Infosec Limited, remarked, “We are dedicated to maintaining the highest standards of corporate governance and transparency. This revision ensures accurate and clear communication with our stakeholders.”
About TAC Infosec Limited TAC Infosec Limited, formerly TAC Infosec Private Limited, is a pioneering cybersecurity firm listed on the NSE Emerge platform. Known for its cutting-edge solutions in vulnerability management, TAC Infosec is committed to delivering unparalleled cybersecurity services to Fortune 500 companies, start-ups, and government entities worldwide.
