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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Purple Wave Infocom Ltd

Purple Wave Infocom Ltd: Monitoring Agency Reports IPO Funds Deviation for Q4 FY26

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 14 May 2026, 05:26 PM IST  ·  BSE ID: de40af81-e635-4bdd-8307-3071631a730a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company used Rs. 12.91 crore from its IPO for a different property than initially planned, without getting shareholder approval.
🤖 AI Summary
  • - Purple Wave Infocom Ltd submitted Monitoring Agency Report for quarter ended March 31, 2026.
  • - Report notes deviation from IPO object regarding property purchase of Rs. 12.91 crore.
  • - Funds earmarked for Delhi property were used to purchase property in Gurugram.
  • - Shareholder approval for this change was not obtained by the company.
  • - Initial Public Offer (IPO) aggregating to Rs. 31.45 crore occurred Nov 28 – Dec 02, 2025.
🔢 Key Numbers — exact figures from BSE filing, not rounded
IPO Amount Aggregating To
Rs. 31.45 crore
Amount Earmarked For Property Purchase
Rs. 12.91 crore
Issue Expenses
Rs. 4.59 crore
Net Proceeds of IPO
Rs. 26.86 crore
🏢 How This Affects the Company
📈
Business Impact
The change in property acquisition location from Delhi to Gurugram indicates an alteration in the company's planned operational base for the Rs. 12.91 crore investment.
💰
Financial Impact
Rs. 12.91 crore of IPO proceeds have been utilized for a different asset than initially specified, altering the planned asset base derived from the Rs. 31.45 crore IPO.
⚙️
Operational Impact
The company's registered office remains in Delhi, but the newly acquired property in Gurugram implies a shift in where a significant operational asset is located.
⚠️
Risk Impact
The deviation from stated IPO objects without shareholder approval introduces a compliance risk regarding investor expectations and regulatory adherence for the Rs. 12.91 crore utilized.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected as a portion of the Rs. 31.45 crore IPO proceeds was utilized for a different purpose than stated in the prospectus without explicit approval.
🔍
Management Signal
The filing indicates a management decision to proceed with an alternative property acquisition using Rs. 12.91 crore without securing prior shareholder consent for the change.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next Monitoring Agency Report — check for further updates on fund utilization.
Annual General Meeting minutes — review if shareholder approval for deviation is addressed.
Company disclosures — monitor for any clarification or rectification actions regarding the deviation.
MEDIUM RISK Deviation from IPO objects without shareholder approval for Rs. 12.91 crore introduces compliance and governance risk.
💡 Investor Takeaway
Purple Wave Infocom Ltd's Monitoring Agency Report for Q4 FY26 revealed Rs. 12.91 crore of IPO proceeds were diverted from a planned property purchase in Delhi to one in Gurugram. The company did not obtain shareholder approval for this specific change.
⚖️ Strengths & Concerns

⚠️ Concerns

  • A deviation occurred in the utilization of Rs. 12.91 crore IPO proceeds, intended for a specific property in Delhi but used for another in Gurugram.
  • Shareholder approval for the change in property acquisition, totaling Rs. 12.91 crore, was not obtained by the company.
📅 Company Track Record
Purple Wave Infocom Limited recently listed via an Initial Public Offering (SME – IPO) between November 28, 2025, and December 02, 2025, raising Rs. 31.45 crore. This filing represents one of its first public disclosures regarding IPO fund utilization.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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