Chatterbox Technologies Limited Board Approves CSR Fund Utilization and Office Relocation

1 min read     Updated on 26 Mar 2026, 02:38 AM
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Radhika SScanX News Team
AI Summary

Chatterbox Technologies Limited's Board of Directors approved three significant decisions on March 25, 2026: allocation of ₹17,10,000 for CSR activities through an implementing agency, relocation of registered office from VIP Plaza to Lotus Signature premises in Andheri West effective April 1, 2026, and approval of IFRS-compliant Special Purpose Financial Statements for January 1, 2025 to December 31, 2025 period for parent company consolidation purposes.

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Chatterbox Technologies Limited announced the outcomes of its Board of Directors meeting held on March 25, 2026, through video conferencing from the company's registered office in Mumbai. The board addressed three key corporate matters during the brief 15-minute session that commenced at 8:30 PM and concluded at 8:45 PM.

CSR Fund Allocation

The board approved the utilization of Corporate Social Responsibility funds for upcoming activities. The company will deploy these resources through an implementing agency to fulfill its CSR obligations.

Parameter: Details
CSR Fund Amount: ₹17,10,000
Fund Description: Seventeen Lakh Ten Thousand only
Implementation: Through implementing agency
Purpose: Corporate Social Responsibility activities

Registered Office Relocation

The board sanctioned a change in the company's registered office location within Mumbai's local limits. The relocation represents a move to more modern premises in the same area of Andheri West.

Relocation Details: Information
Current Address: Unit No. 101, VIP Plaza Co-operative Premises Society Ltd., Andheri New Link Road
New Address: Unit No. 1101 & 1102, 11th Floor, Lotus Signature, Veera Desai Road
Location: Andheri West, Mumbai - 400053
Effective Date: April 1, 2026

Financial Reporting Compliance

The board approved Special Purpose Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS) requirements. These statements cover a specific reporting period and serve consolidation purposes for the parent company.

Financial Statement Details: Specifications
Reporting Period: January 1, 2025 to December 31, 2025
Standards: IFRS requirements
Purpose: Consolidation and submission to Parent Company
Statement Type: Special Purpose Financial Statements

The meeting was conducted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Rajnandan Mishra signed the disclosure document, ensuring compliance with regulatory requirements for listed companies on the Bombay Stock Exchange.

What specific CSR activities will Chatterbox Technologies prioritize with the ₹17.1 lakh allocation, and how might this impact their ESG ratings?

Will the relocation to premium office space in Lotus Signature signal expansion plans or operational restructuring for the company?

How might the preparation of IFRS-compliant financial statements affect Chatterbox's potential for international partnerships or acquisitions?

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Chatterbox Technologies Reports Q3FY26 IPO Proceeds Utilization of INR 16.605 Crores

2 min read     Updated on 11 Feb 2026, 04:39 PM
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Reviewed by
Jubin VScanX News Team
AI Summary

Chatterbox Technologies Limited submitted its Q3FY26 monitoring agency report showing utilization of INR 16.605 crores from its INR 42.863 crores IPO proceeds. The company deployed INR 26.258 crores of unutilized funds in fixed deposits earning 5.50% to 6.50% returns. The monitoring agency confirmed no deviations from the offer document objectives, with funds being utilized across business expansion, working capital, and corporate purposes in a phased implementation approach.

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Chatterbox Technologies Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, detailing the utilization of proceeds from its Initial Public Offer (IPO). The report, prepared by monitoring agency Acuité Ratings and Research Limited, confirms compliance with SEBI regulations and adherence to the objects stated in the offer document.

IPO Details and Fund Utilization

The company conducted its IPO from September 25, 2025 to September 29, 2025, raising INR 42.863 crores. During Q3FY26, Chatterbox Technologies utilized INR 16.605 crores across various business objectives, leaving INR 26.258 crores unutilized.

Object Amount Allocated (INR Crores) Amount Utilized (INR Crores) Unutilized Amount (INR Crores)
Funding Capital requirements for Existing business 11.073 0.00 11.073
Setting up additional office cum new studio 7.137 3.472 3.665
Brand Building requirements 5.015 0.585 4.430
Incremental working capital requirements 6.329 4.694 1.635
General Corporate Purposes 5.667 0.302 5.364
Issue Related Expenses 7.643 7.551 0.092

Deployment of Unutilized Funds

The company has deployed INR 26.00 crores of unutilized funds in fixed deposits with Axis Bank, with the remaining INR 0.31 crores maintained in the public offer account. The fixed deposits carry interest rates ranging from 5.50% to 6.50% with maturity dates extending from June 2026 to January 2027.

Investment Details Amount (INR Crores) Return Rate Market Value (INR Crores)
Fixed Deposits (16 instruments) 26.00 5.50% - 6.50% 26.298
Public Offer Account 0.31 N/A 0.31
Total Earnings Generated 0.361

Regulatory Compliance and Monitoring

The monitoring agency confirmed no deviations from the objects disclosed in the offer document. All utilizations align with the stated purposes, and no material events were observed that could affect the viability of the projects or investor decision-making.

Key compliance highlights include:

  • No material deviations from expenditures disclosed in the offer document
  • No changes in the means of finance for disclosed objects
  • All statutory requirements met as per SEBI regulations
  • Proper deployment of unutilized funds in interest-bearing instruments

Company Background

Chatterbox Technologies Limited operates in the Advertising & Media Agencies sector, with promoters including Mr. Rajnandan Mishra and QYOU Media Inc. The company is implementing its IPO objects in a phased manner according to planned timelines, with the Board of Directors confirming that utilization will continue in line with the stated objectives.

The statutory auditors Joy Mukherjee & Associates have certified the accuracy of the utilization figures, confirming that the deployment of funds is in accordance with the objects of the issue as stated in the offer document.

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