Addictive Learning Technology Seeks Shareholder Approval To Reallocate ₹5.21 Crore IPO Proceeds

Board proposed reallocating Rs 5.21 Cr of unutilised IPO proceeds to working capital, comprising Rs 5.00 Cr earmarked for unidentified acquisitions and Rs 0.21 Cr of surplus issue expenses, subject to shareholder approval. The utilisation deadline for this amount is extended to FY27. The remaining Rs 2.00 Cr for an identified acquisition is deferred to FY28. The company could not finalise unidentified acquisitions due to unsuitable targets and disagreements over valuation and terms. The decision shifts IPO funding from expansionary acquisitions toward operating requirements and extends the deployment timeline, continuing the company’s pattern of delayed strategic capital deployment. The reallocation may support near-term growth but reduces funds available for acquisitions and forfeits returns currently earned on liquid investments. The filing does not disclose the specific working-capital need, expected returns from deployment, or revised acquisition plans. Director remuneration revi