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Awaiting price reaction for this filing.
GB Logistics Commerce Limited has filed a Statement of Deviation and Variation confirming there is NO deviation or variation in the use of proceeds from its IPO held on January 31, 2025, which raised Rs. 25.07 Crores (2,506.75 Lakhs). The report covers the period ending March 31, 2025. As per the original allocation, IPO funds were deployed across Working Capital (Rs. 937.77 Lakhs, fully utilised), General Corporate Purposes (Rs. 547.41 Lakhs allocated, Rs. 547.12 Lakhs utilised with a marginal Rs. 0.29 Lakhs parked in the current account pending deployment), Share Issue Expenses (Rs. 141.57 Lakhs), Repayment of Borrowing (Rs. 500.00 Lakhs), and Truck Purchase (Rs. 380.00 Lakhs). The statement has been reviewed by the Audit Committee and certified by statutory auditors NKSC & Co.
This is a routine SEBI regulatory compliance filing under Regulation 32 that confirms IPO proceeds have been used strictly as per the objects stated in the prospectus. No negative signal — it simply reassures shareholders that management has stuck to the disclosed fund-use plan, which is mildly positive for transparency and governance.