Shipwaves Online Reports ₹5 Crore IPO Proceeds Unutilized Beyond Deadline

CARE’s Q1 FY27 monitoring report found ₹51.35 crore of the ₹56.35 crore IPO proceeds utilized, with ₹5.00 crore still unutilized beyond the March 31, 2026 deadline. The Board extended deployment to March 31, 2027; ₹0.03 crore was overutilized toward working capital.