Statement of Deviation and Variation - 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gabriel Pet Straps Limited has filed a statement confirming there is no deviation or variation in the utilization of proceeds from three fundraisings. The filings cover: (1) Public Issue of Rs. 8.06 crore from February 2024, fully utilized for debt repayment, land acquisition, and solar power plant setup; (2) Preferential Issue of Rs. 40.26 crore from February 2025, fully utilized for working capital and general corporate purposes; (3) Preferential Issue of Rs. 85.61 crore from December 2025, with Rs. 3.64 crore partially utilized for factory construction so far. All three filings confirm NIL deviation with no comments from the audit committee or auditors.
This is a positive confirmation for shareholders as it shows the company has deployed IPO and preferential issue funds as committed. No fund misuse or deviation was detected. The third preferential issue (December 2025) is still in early deployment stage with only Rs. 3.64 crore utilized out of Rs. 85.61 crore raised.