Excelsoft Technologies Reports ₹113.40 Crore Unutilized IPO Proceeds And Delayed Deployment

CARE’s IPO monitoring report found ₹66.60 crore of ₹180 crore utilised with no deviation in objects, but delays in existing-facility, IT-infrastructure and general-purpose spending led to FY2027 timeline extensions; ₹113.40 crore remains unutilised. Context: first reported break in the company’s clean capex-execution pattern.