Meta Infotech Limited has reported no deviation in the utilization of funds raised through its Initial Public Offering (IPO) for the half year ended March 31, 2026. The company utilized ₹15,37,27,000 of the net proceeds, amounting to ₹17,48,49,000, while the remaining unutilized funds of ₹2,11,22,000 have been temporarily parked in fixed deposits. The Audit Committee reviewed the fund utilization statement at its meeting held on May 27, 2026.

The total amount raised through the IPO was ₹20,01,33,000, which includes issue expenses of ₹2,52,84,000. The company allocated the majority of the funds, ₹15,35,00,000, towards the repayment of outstanding borrowings, specifically the Working Capital Term Loan. This amount has been fully utilized. Additionally, ₹2,27,000 was deployed for general corporate purposes and has been completely used.

Utilization of IPO Proceeds

The following table details the allocation and utilization of funds as of March 31, 2026:

Status of Unutilized Funds

Funds amounting to ₹1,20,42,000 for the new office premises at MINT Sahar and ₹90,80,000 for the interactive experience centre remain unutilized. The company stated that the capital expenditure for these projects is pending due to the non-receipt of the Occupancy Certificate for the MINT Sahar office premises from the builder. The establishment of the Interactive Experience Centre is contingent upon the completion and operational readiness of the Sahar Mint Office premises. Consequently, these projects will commence upon receipt of possession and completion of the office premises.

The company completed its IPO of 49,80,000 equity shares with a face value of ₹10 each at an issue price of ₹161 per share. The equity shares were listed on the Bombay Stock Exchange SME Platform on July 11, 2025. The issue was conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Meta Infotech Limited reported a net profit of ₹1,088.36 lakh for the year ended March 31, 2026, a decrease from ₹1,431.43 lakh in the prior year, despite a 23% rise in revenue to ₹27,004.07 lakh. The Board of Directors approved the audited financial results on May 27, 2026, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, M/s R K Jagetiya & Co, issued an unmodified opinion on the results.

Total expenses for the year increased to ₹25,652.53 lakh from ₹19,733.35 lakh in FY25, impacting the bottom line. Profit before tax stood at ₹1,468.01 lakh, compared to ₹2,015.88 lakh in the previous year. Earnings per share (basic) declined to ₹5.87 from ₹9.42 in the prior year.

The Board meeting addressed several governance matters, including the re-appointment of M/s. Soni Punit & Associates as Internal Auditors for FY 2026-2027. A related party transaction with Niva Technologies Private Limited, not exceeding ₹4.5 lakhs for the sale, purchase, or supply of goods and services, was also approved. The remuneration of Mr. Rama Krishna Kishore Achuthani, Whole-time Director, and other key managerial personnel was reviewed.

Operational decisions included the approval to rent a coworking office space at 24A, Mindmill Corporate Tower, Film City, Sector 16A, Noida – 201301 for the company's Delhi NCR regional operations. The company's assets totaled ₹12,863.00 lakh as of March 31, 2026, an increase from ₹7,437.57 lakh in the prior year. Shareholders' funds improved to ₹7,329.10 lakh, driven by an increase in reserves and surplus to ₹5,440.96 lakh.

Segment reporting for the trading of software products and IT services showed the sale of products generating ₹23,367.78 lakh and services contributing ₹3,636.29 lakh for the year ended March 31, 2026.