Please find the standard of Deviation March 2026
GALAPREC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gala Precision Engineering Limited has filed a NIL statement of deviation for the quarter ended March 31, 2026, confirming no deviations in the utilization of IPO proceeds. The company raised Rs. 167.93 crore through its Initial Public Offer. The statement, reviewed by the Audit Committee, shows NIL comments from both the audit committee and auditors. The monitoring agency CRISIL Ratings Limited has also confirmed no deviations. Funds were utilized as per the original objects disclosed in the offer document.
This NIL statement is a positive signal for shareholders, confirming that the company deployed IPO funds exactly as promised. No deviation in fund utilization reduces regulatory risk and indicates proper governance in capital deployment.