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Matrix Geo Solutions Reallocates Rs 9 Crore IPO Funds To Working Capital


12 November 2026
Matrix Geo Solutions Ltd.

CARE H1FY27 monitoring report shows Sept 10 AGM approved reallocating Rs9cr from drones and survey equipment to working capital Rs8cr and capex Rs1cr; Rs27.4cr of Rs40.2cr IPO used, Rs12.8cr in FDs; objects delayed past Mar 31 2026 deadline. Context: shifts growth capex to working-capital strain.


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