Mach Conferences & Events Limited has submitted a statutory auditor certificate detailing the complete utilization of funds raised through its Initial Public Offering (IPO) for the half-year ended September 30, 2025. The company has provided a comprehensive breakdown of how the IPO proceeds, totaling Rs 5,015.25 lakhs, have been allocated and utilized.

IPO Proceeds Allocation

The company's utilization of IPO funds is summarized in the following table:

Key Highlights

• The company has fully utilized the funds allocated for working capital requirements, amounting to Rs 3,326.00 lakhs.
• The entire amount of Rs 1,494.48 lakhs designated for issue-related expenses has been utilized.
• As of the reporting date, Rs 194.77 lakhs earmarked for general corporate expenses remain unutilized.
• The total utilization stands at Rs 4,820.48 lakhs, representing approximately 96.12% of the total IPO proceeds.

Compliance and Transparency

The submission of this utilization certificate aligns with Regulation 262 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This move demonstrates Mach Conferences & Events Limited's commitment to regulatory compliance and transparency in its financial operations.

Implications for Investors

The complete utilization of funds for working capital requirements and issue-related expenses suggests that the company has successfully deployed a significant portion of the IPO proceeds towards its operational needs and listing costs. This could potentially lead to improved business operations and efficiency.

The remaining unutilized amount for general corporate expenses provides the company with some financial flexibility for future corporate initiatives or unforeseen expenses.

Investors and stakeholders can view this report as a positive indication of the company's ability to execute its planned utilization of funds raised through the IPO. It also reflects the company's adherence to regulatory requirements and commitment to keeping investors informed about the use of their capital.

As Mach Conferences & Events Limited continues to utilize the remaining funds and execute its business strategies, stakeholders will likely keep a close eye on future financial reports to assess the impact of this capital deployment on the company's performance and growth trajectory.

Mach Conferences & Events Limited (MCEL) reported a mixed financial performance for the first half of fiscal year 2026, with consolidated revenue of INR 97.08 crores and a profit after tax (PAT) of INR 7.82 crores. The company faced challenges due to geopolitical tensions but is actively pursuing growth through diversification and expansion strategies.

Financial Performance

MCEL's H1 FY26 results showed a decline in both topline and bottomline compared to the previous year, primarily attributed to travel disruptions caused by the India-Pakistan war affecting operations in April and May. Despite these challenges, the company maintained a PAT margin of approximately 8%.

Key Financial Metrics for H1 FY26:

Business Expansion and New Initiatives

MCEL has been actively pursuing growth opportunities and diversifying its business portfolio:

1. Government Sector Entry: The company has recently ventured into government and institutional tenders, securing contracts worth approximately INR 80 lakhs in just two months.

2. Acquisition of Travexel: MCEL acquired Travexel, a medical conference company, expanding its presence in the healthcare events sector. Travexel's order book includes about INR 22-25 crores of business for the current year and a similar amount for the next year.

3. Infrastructure Upgrade: The company has moved to a larger office space of 13,000 square feet, tripling its previous capacity to accommodate future growth and the upcoming OTA platform team.

4. BookMyYatra OTA Platform: MCEL plans to launch its online travel agency (OTA) platform, BookMyYatra, in December. This move aims to leverage the company's existing customer base and partnerships.

Future Outlook

Amit Bhatia, Chairman and Managing Director of MCEL, expressed optimism about the company's future:

• Targeting 25% growth in top line for the current fiscal year
• Aiming for PAT margins of 12-13%
• Focusing on profitability while expanding into new verticals
• Expecting the medical conferences division to contribute significantly to profitability

Mr. Bhatia stated, "We aspire to reach the profitability levels of FY24. This year, we are not too worried about the top line. We are looking at margins."

MCEL's diversification strategy, including entry into government contracts, medical conferences, and the planned OTA platform, appears to be a calculated move to offset the volatility in its core MICE (Meetings, Incentives, Conferences, and Exhibitions) business.

As the company navigates through the challenges posed by geopolitical events and market dynamics, investors will be keenly watching how these new initiatives contribute to MCEL's growth and profitability in the coming quarters.