Sigma Solve Limited Reports IPO Fund Utilization Deviation for Q3 FY26

Sigma Solve Limited has submitted its quarterly compliance report to the stock exchanges, disclosing deviations in the utilization of IPO proceeds for the quarter ended December 31, 2025. The filing, made under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by the company's Audit Committee on January 13, 2026.

IPO Fund Utilization Overview

The company's IPO, conducted on October 15, 2020, raised ₹495.45 lakhs. The current quarter's report shows the utilization status across different objectives:

Objective	Original Allocation (₹ Lakhs)	Funds Utilized (₹ Lakhs)	Deviation Amount (₹ Lakhs)
Acquisitions and Strategic Initiatives	230.00	Nil	Nil
Investment in Subsidiary	70.00	70.00	Nil
General Corporate Purpose	120.00	120.00	Nil
Public Issue Expenses	75.45	75.45	31.57
Total	495.45	265.45	31.57

Shareholder-Approved Deviation

The reported deviation of ₹31.57 lakhs relates to unutilized funds from public issue expenses. The company obtained shareholder approval through a special resolution passed on September 19, 2022, at its 12th Annual General Meeting to reallocate this amount for general corporate purposes.

Quarterly Fund Status

The company confirmed that there has been no variation in the utilized amount of ₹265.45 lakhs compared to the previous quarter ended September 30, 2025. This amount covers:

Investment in subsidiary operations
Public issue expenses
General corporate purposes
Unutilized amount allocated for general corporate purposes

Regulatory Compliance

The deviation statement was signed by Managing Director Prakash Ratilal Parikh (DIN: 03019773) and submitted to both the National Stock Exchange of India Limited and BSE Limited. The company noted that no monitoring agency oversight applies to this fund utilization, and the Audit Committee provided no additional comments after its review.

The filing demonstrates Sigma Solve's adherence to regulatory disclosure requirements while managing its IPO proceeds in accordance with shareholder-approved modifications to the original fund utilization plan.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.76%	-1.31%	+17.90%	-83.82%	+78.47%	+3,251.65%

Sigma Solve Limited has delivered robust financial performance in Q3FY26, with the Board of Directors approving unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, during their meeting held on January 13, 2026.

Consolidated Financial Performance

The company's consolidated results demonstrated strong growth momentum across key financial metrics. Revenue from operations reached ₹2,472.93 lakh, marking a significant 26.3% increase from ₹1,957.97 lakh in Q3FY25.

Metric	Q3FY26	Q3FY25	Growth (%)
Revenue from Operations	₹2,472.93 lakh	₹1,957.97 lakh	+26.3%
Total Income	₹2,639.43 lakh	₹1,977.18 lakh	+33.5%
Net Profit After Tax	₹670.05 lakh	₹422.91 lakh	+58.4%
Earnings Per Share (Basic)	₹0.65	₹4.11	-84.2%

Other income witnessed substantial growth, rising to ₹166.50 lakh from ₹19.21 lakh in the previous year quarter, contributing to total income of ₹2,639.43 lakh.

Standalone Results Overview

On a standalone basis, Sigma Solve reported net profit after tax of ₹189.95 lakh for Q3FY26, compared to ₹108.12 lakh in Q3FY25, representing a growth of 75.7%. The company's standalone revenue primarily comprised other income of ₹1,030.95 lakh, up from ₹796.29 lakh in the corresponding quarter last year.

Parameter	Q3FY26	Q3FY25	Change (%)
Other Income	₹1,030.95 lakh	₹796.29 lakh	+29.5%
Total Income	₹1,066.20 lakh	₹810.72 lakh	+31.5%
Net Profit After Tax	₹189.95 lakh	₹108.12 lakh	+75.7%
Basic EPS	₹0.18	₹0.11	+63.6%

Nine-Month Performance

For the nine months ended December 31, 2025, consolidated revenue from operations totaled ₹7,097.32 lakh compared to ₹5,263.44 lakh in the corresponding period last year. Consolidated net profit for the nine-month period reached ₹1,853.74 lakh.

On standalone basis, the nine-month net profit stood at ₹508.13 lakh against ₹416.99 lakh in the previous year, with total income reaching ₹3,072.74 lakh.

Corporate Structure and Compliance

The company operates through its subsidiaries including Sigma Solve Inc. and Rish Info Logistics Private Limited, where Sigma Solve holds 70% shares. The results were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by statutory auditors Mistry & Shah LLP, who issued an unmodified review report.

Effective October 6, 2025, the company implemented a share split where existing equity shares with face value of ₹10 each were split into 10 equity shares of ₹1 each. The paid-up equity share capital stands at ₹1,027.75 lakh with face value of ₹1 per share.

Operational Highlights

The company maintains a single reportable business segment and continues to focus on its core operations. Total comprehensive income for Q3FY26 on consolidated basis reached ₹743.21 lakh compared to ₹470.20 lakh in the previous year quarter, reflecting the company's strong operational performance and strategic execution.