BSECompany Update5d ago · 8 Aug 2026, 07:55 pm
Statement of deviation for the quarter ended June 30, 2026
Methodhub Software Ltd · 544637
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Methodhub Software Ltd has filed a statement of deviation for the quarter ended June 30, 2026, confirming no deviation or variation in the utilization of proceeds of the Initial Public Offer (IPO) from the objects stated in the Prospectus.
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Methodhub Software Ltd - 544637 - Statement Of Deviation For The Quarter Ended June 30, 2026
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Date: August 08, 2026
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Fort
Mumbai – 400001
Scrip Code – 544637
Dear Sir/Madam,
Sub: Statement of Deviation or Variation in the use of proceeds of Initial Public Offer (IPO)
Dear Sir/Ma’am,
Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements),
Regulation 2015 read with SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019,
we hereby confirm that there is no deviation or variation in the utilization of proceeds of the Initial
Public Offer (IPO) from the objects stated in the Prospectus dated December 10, 2025.
A Statement of Deviation or Variation duly reviewed and approved by the Audit Committee for the
quarter ended June 30, 2026, is attached herewith.
The above report is also available on the Company's website at https://methodhub.in/
You are requested to kindly take the aforesaid on your record.
This is for your information and records.
For Methodhub Software Limited
Muthukrishnan Shanmuga Thevar
Company Secretary and Compliance officer
Membership No. A61530.
MethodHub Software Limited (Formerly known as MethodHub Software Private Limited) CIN: L74900KA2016PLC085743
Reg Office: Unit No.109, 1st Floor, Prestige Meridian-1 No.29, M.G.Road, Bangalore, Karnataka, India, 560001
Phone: +91 80-40979238 Email id: info@methodhub.in Website: www.methodhub.in
www.method-hub.com
STATEMENT OF DEVIATION OR VARIATION IN UTILIZATION OF FUNDS RAISED
THROUGH INITIAL PUBLIC OFFER (IPO):
Name of Listed Entity Methodhub Software Limited
Public Issue i.e. Fresh Issue and Offer for
Mode of Fund Raising
Sale of Equity shares
Date of Raising Funds December 12, 2025
Amount (in
Particulars crores)
(Rounded off)
Issue Size = Fresh Issue + 102.49 = 87.50
Offer for Sale + 14.99
Amount Raised
Expenses incurred related to
14.30
IPO issue
Net Proceeds available for
87.49
utilization
Report filed for quarter/half year Ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited
If there is Deviation/Variation in use of funds
raised
If yes whether the same is pursuant to change in
terms of contract or objects, which was Not Applicable
approved by Shareholders
If yes, Date of Shareholders Approval Not Applicable
Explanation of Deviation/Variation Not Applicable
Comment of Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Objects for which funds have been raised in the IPO and details of deviation, if any, in the
following table:
Modified Amount of
Original Funds
Modified Allocation, Deviation/Variation
Original Allocation Utilised Remarks,
Object, if if any for quarter/half
Object (Rs. in (Rs. in if any
any (Rs. in year according to
crores) crores)
crores) applicable object
Repayment
and / or
prepayment in
full of certain
outstanding
No No
loans Not
13.6 Modified 13.6 deviation/variation
(including Applicable
Allocation in utilization of No
foreclosure
funds raised through Comments
charges if
Initial Public Offer
any) availed
(IPO)
by Company
Augmentation No
of long-term 25.00 Modified 13.50
Applicable
working Allocation
MethodHub Software Limited (Formerly known as MethodHub Software Private Limited) CIN: L74900KA2016PLC085743
Reg Office: Unit No.109, 1st Floor, Prestige Meridian-1 No.29, M.G. Road, Bangalore, Karnataka, India, 560001
Phone: +91 80-40979238 Email id: info@methodhub.in Website: www.methodhub.in
www.method-hub.com
capital
requirements
of our
Company
Investment in
wholly owned
subsidiary
MethodHub
Consulting
Inc. (USA) Not
4.00 Modified 4.00
for Applicable
Allocation
augmentation
of long-term
working
capital
requirements
Unidentified
inorganic Not
30.59 Modified 18.97
acquisitions Applicable
Allocation
and GCP
Issue Not
14.30 Modified 14.23
expenses Applicable
Allocation
TOTAL 87.49 64.3
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised, or
(b) Deviation in the amount of funds actually utilized 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.
Thanking you,
For & on behalf of METHODHUB SOFTWARE LIMITED
(Formerly known as Methodhub Software Private Limited
MUTHUKRISHNAN SHANMUGA THEVAR
Company Secretary and Compliance Officer
Membership No. A61530
Date: August 08, 2026
MethodHub Software Limited (Formerly known as MethodHub Software Private Limited) CIN: L74900KA2016PLC085743
Reg Office: Unit No.109, 1st Floor, Prestige Meridian-1 No.29, M.G. Road, Bangalore, Karnataka, India, 560001
Phone: +91 80-40979238 Email id: info@methodhub.in Website: www.methodhub.in
www.method-hub.com