TechD Cybersecurity Board Approves Rs 8.9 Crore IPO Proceeds Reallocation

Board approved reallocating Rs 890L unutilized IPO proceeds earmarked for Human Resources to Working Capital Rs 450L and GSOC capex Rs 440L, subject to shareholder nod via EGM on Nov 27. First pivot from hiring-led build to cash and GSOC build; flags stretched collections funding growth and possible GSOC cost overrun/slippage, with hiring now via outsourcing too. Execution hinges on shareholder approval; GSOC timeline, final build cost and whether working-capital plug eases cash strain remain undisclosed.