Disclosure for Statement of Deviation & Variation for half year ended 30th September, 2025
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Getalong Enterprise Ltd has filed a quarterly statement confirming there is no deviation or variation in the use of funds raised via a preferential allotment on 5 April 2025. The company raised Rs. 2.90 crores with the stated purpose of meeting working capital needs (Rs. 16.25 lakhs), financing business opportunities and strategic initiatives (Rs. 222.95 lakhs), general corporate purposes (Rs. 50 lakhs), and issue-related expenses (Rs. 0.80 lakhs). As of 30 September 2025, none of the allocated funds have been utilised yet. No monitoring agency was appointed, and there are no comments from the audit committee or auditors.
Shareholders should note that despite raising Rs. 2.90 crores over six months ago, the company has not deployed any of the proceeds, which raises mild concern about capital deployment efficiency, though management has confirmed the funds remain aligned with the originally disclosed objects.