Regulation 32 - Statement of Deviation and Variation for the half year ended September 30, 2025
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Awaiting price reaction for this filing.
Globtier Infotech has filed a NIL deviation statement under SEBI's Listing Regulations, confirming that the Rs. 27.44 crore raised through its IPO on September 2, 2025 has been used in line with the objects disclosed in the prospectus. The Audit Committee reviewed the statement and found no deviation, with unutilized proceeds parked in fixed deposits with HDFC Bank. Out of the original allocation, Rs. 8.30 crore earmarked for loan repayment has been fully utilized, Rs. 9.05 crore of the Rs. 11.50 crore earmarked for working capital has been deployed, Rs. 2.08 crore of the Rs. 3.55 crore set aside for IPO issue expenses has been used, while the Rs. 4.09 crore allocated for general corporate purposes remains unutilized and continues to sit in FDs.
This is a routine positive compliance filing that reassures shareholders that IPO money is being deployed as promised, with full loan repayment already completed and the rest parked safely in bank deposits, reducing governance concerns for the recently listed stock.