IPO Fund Update: Capex Delayed, Strategic Acquisition Made
Ace Alpha Tech Ltd · 544431 · BSE ·
The company has utilized ₹19.14 Crore (78.2%) of its total ₹24.48 Crore IPO proceeds as of March 31, 2026. A delay in Capital Expenditure was noted, resulting in a shortfall of ₹0.94 Crore against the plan for FY26. Management attributes this to a more "calibrated and need-based"…