Compliances - Statement of Deviation and Variation.
GLOTTIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glottis Ltd has filed a compliance statement confirming no deviation or variation in the utilisation of IPO funds for Q4 FY26 (ended March 31, 2026). The company raised Rs. 15,999.87 lakhs through its IPO on October 3, 2025. Of this, Rs. 7,125.67 lakhs has been utilised so far (44.5%). Capital expenditure accounts for Rs. 4,385.05 lakhs utilised out of Rs. 13,254.20 lakhs allocated. A minor reallocation of Rs. 13.12 lakhs was made from Issue Expenses to General Corporate Purposes because actual issue expenses came in lower than estimated. The Audit Committee reviewed and confirmed NIL comments on the utilisation.
No adverse deviation detected — this is a routine compliance filing confirming fund usage is on track. The minor reallocation of Rs. 13.12 lakhs is immaterial and within permissible limits. Shareholders can note that capital expenditure deployment is still underway with ~67% of the allocated amount remaining to be deployed.