Regulation 32 - Statement of Deviation and Variation for the half year ended on 31st March 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Globtier Infotech filed its half-year compliance statement confirming no deviation in the utilization of IPO proceeds. The company raised Rs. 27.44 Crores through its IPO on September 2, 2025. All funds have been fully deployed as per the original allocation: Rs. 11.50 Cr for working capital, Rs. 8.30 Cr for loan repayment, Rs. 4.09 Cr for general corporate purposes, and Rs. 3.55 Cr for IPO expenses. The Audit Committee reviewed and confirmed that the proceeds were fully utilized with no deviations from the disclosed objects.
This is a positive signal for shareholders as it confirms the company deployed IPO funds as promised without any deviation or variation from the stated objectives.