Corporate News
Fusion Klassroom Edutech Limited has utilized only Rs 4.70 Crore of the Rs 25.37 Crore raised through a public issue as of September 30, 2026, according to a monitoring agency report by Brickwork Ratings India Private Limited. The report, verified by R. S. Gokani & Co., highlights significant delays in implementing key objectives, including technology development, content creation, and marketing initiatives. While Rs 0.69 Crore has been allocated to general corporate purposes and Rs 4.01 Crore spent on issue expenses, substantial funds remain unutilized, totaling Rs 20.67 Crore, and are held in a public issue account, monitoring agency account, and fixed deposits. The company is also required to reimburse Rs 0.81 Crore for Goods and Services Tax expenses from internal accruals in the next quarter.