Chatterbox Technologies reports no deviation in IPO fund use

Chatterbox Technologies Limited has disclosed that there was no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the half year ended March 31, 2026. The statement, reviewed by the Audit Committee on April 29, 2026, was submitted to the Bombay Stock Exchange.

The company successfully raised ₹42.86 Crores via the public issue, which opened on Thursday, September 25, 2025, and closed on Monday, September 29, 2025. Acuite Ratings and Research Limited served as the monitoring agency for the fund utilization process.

Utilization Details

The funds were allocated across various objects including capital expenditure for existing business, setting up an additional office and studio, brand building, working capital requirements, and general corporate purposes. While the company reported no deviation in the objects or purposes, progress on several capital expenditure fronts was delayed due to operational factors.

Financial Breakdown

The following table outlines the original allocation, funds utilized, and the status of each object as of March 31, 2026:

Object Original Allocation (₹ Crore) Funds Utilised (₹ Crore) Status Capital expenditure for Existing business 11.07 1.31 Progress delayed due to hiring delays and deferred procurement. Capital expenditure for additional office and studio 7.14 6.10 Office setup substantially completed; studio setup completed with a discount. Unutilised amount proposed for General Corporate Purpose. Capital expenditure for Brand Building 5.02 1.76 Utilisation delayed as per 12-month contract timeline starting December 2025. Meeting incremental working capital requirements 6.33 5.92 ₹0.41 Crore remains unutilised due to phased deployment. General Corporate Purposes 5.67 0.85 Utilisation based on business requirements; balance pending. Issue Related Expenses 7.64 7.64 Fully utilised.

Operational Updates

Regarding the capital expenditure for the existing business, the company noted that hiring for identified positions is taking longer than anticipated. Consequently, the procurement of hardware, software, and co-working space arrangements in Bengaluru and Delhi has been deferred. For the new office and studio, the company has taken the premises on lease and completed major payments, receiving a discount on the studio setup against the estimated prospectus amount.

The Audit Committee and the auditors provided no comments on the statement of deviation or variation. The Managing Director, Rajnandan Mishra, signed the disclosure on May 18, 2026.

Chatterbox Technologies Limited has announced key changes in its management structure following a Board of Directors meeting conducted on April 29th, 2026. The meeting, held through video conferencing at the company's registered office in Mumbai, addressed several important corporate governance matters and was formally communicated to the Bombay Stock Exchange Limited under Regulation 30 compliance.

Management Personnel Changes

The Board took note of the resignation of Ms. Prachi Kela as Company Secretary and Compliance Officer, with her tenure concluding on April 30th, 2026. In a seamless transition, the Board approved the appointment of Ms. Shirin Kaur Kohli as the new Company Secretary and Compliance Officer, effective May 4th, 2026.

Position Details: Information Outgoing Officer: Ms. Prachi Kela Cessation Date: April 30th, 2026 Incoming Officer: Ms. Shirin Kaur Kohli Appointment Date: May 4th, 2026 Designation: Company Secretary & Compliance Officer (KMP) BSE Scrip Code: 544546

New Appointee Profile

Ms. Shirin Kaur Kohli brings substantial expertise to her new role at Chatterbox Technologies Limited. Her professional background includes:

Qualified Company Secretary with Commerce graduation from University of Delhi

Over 10 years of experience in corporate compliances

Expertise in secretarial functions and legal drafting

Specialized knowledge in FEMA/RBI regulations

The appointment was recommended by the company's Nomination and Remuneration Committee before receiving Board approval.

Board Meeting Details

The Board meeting was conducted through video conferencing mode at the company's registered office located at Unit No. 1101 & 1102, 11th Floor, Lotus Signature, Off Veera Desai Road, Andheri West, Mumbai - 400053. The meeting commenced at 9:00 PM and concluded at 9:15 PM on April 29th, 2026.

Meeting Parameters: Details Date: April 29th, 2026 Mode: Video Conferencing Start Time: 9:00 PM End Time: 9:15 PM Location: Registered Office, Mumbai

Additional Board Decisions

During the same meeting, the Board approved the monitoring agency report along with the certificate from statutory auditors for the quarter ended March 31st, 2026. The company's Managing Director, Rajnandan Mishra (DIN: 10815241), digitally signed the official communication to the stock exchange.

Corporate Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified the Bombay Stock Exchange Limited regarding these management changes through official communication reference CTL/03/2026-27/BSE, ensuring full transparency with stakeholders and regulatory authorities.

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