NSEStatement of deviation(s) or variation(s) under Reg. 323h ago · 2 Nov 2026, 11:50 pm
Statement of deviation(s) or variation(s) under Reg. 32
ESDS Software Solution Limited · ESDS
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ESDS Software Solution Limited has filed a statement confirming no deviation or variation in utilization of funds raised through IPO during the quarter ended September 30, 2026.
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ESDS Software Solution Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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ESDS_02112026235002_ESDS_Statement_of_Deviation_BSE_NSE_Intimation.pdf
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Ref. No. ESDS / 2026-27 / 21
Date: November 02, 2026
To To
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex
Dalal Street, Mumbai, MH – 400001 Bandra (E), Mumbai, MH – 400051
Scrip Code: 544898 Scrip Symbol: ESDS
Sub: Statement of Deviations and Variations under Regulation 32(1) of Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to Regulation 32(1)(a) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations 2015, please find enclosed a statement confirming no deviation or
variation in utilization of funds raised through IPO during the quarter ended September 30, 2026.
Kindly take the same on your record.
Thanking you
For ESDS Software Solution Limited
(Prasad Deochand Deokar)
Company Secretary & Compliance Officer
M. No. A34350
ESDS Software Solution Limited
Statement of Deviation or Variation in utilisation of funds raised through Public Issue
for the Quarter and Financial Year ended March 31, 2026
[Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI
Master Circular for compliance with the provisions of the LODR Regulations]
Name of listed entity ESDS Software Solution Limited
Mode of fund raising Public Issue (Initial Public Offer)
Date of raising funds September 02, 2026
Amount raised ₹ 7200 million (fresh issue; net proceeds ₹ 6,670.48 million)
Report filed for quarter ended September 30, 2026
Monitoring Agency Applicable
Monitoring Agency name, if applicable CRISIL Ratings Limited
Is there a deviation / variation in use of funds
raised
If yes, whether the same is pursuant to change in
terms of a contract or objects, which was Not applicable
approved by the shareholders
If yes, date of shareholder approval Not applicable
Explanation for the deviation / variation Not applicable
No deviation / variation observed. The Audit Committee
Comments of the Audit Committee after review reviewed the statement at its meeting held on November
02, 2026.
Comments of the auditors, if any Nil
Objects for which funds have been raised and where there has been a deviation / variation, in the following table:
Amount of
Deviation /
Variation
Modified
Modified Original Funds for the
Allocation, Remarks, if
Original Object Object, if Allocation Utilised quarter
if any any
any (₹ million) (₹ million) according to
(₹ million)
applicable
object
(₹ million)
Purchase and
To be
installation of cloud
deployed as
computing and other Not Not
5,760.00 Nil Nil per Schedule
equipment and applicable applicable
in offer
infrastructure for our
document
Relevant Data Centres
To be
deployed as
General Corporate Not Not
910.48 87.46 Nil per Schedule
Purposes applicable applicable
in offer
document
To be
deployed as
Not Not
Issue Expenses 529.52 381.67 Nil per Schedule
applicable applicable
in offer
document
Total - 7,200.00 - 469.13 Nil -
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised;
(b) Deviation in the amount of funds actually utilised as against what was originally disclosed; or
(c) Change in terms of a contract referred to in the fund-raising document, i.e. prospectus, letter of offer, etc.
For ESDS Software Solution Limited
(Prasad Deochand Deokar)
Company Secretary & Compliance Officer
Place: Nashik
Date: 02.11.2026