Glottis Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
GLOTTIS · price
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Awaiting price reaction for this filing.
Glottis Limited has confirmed to NSE and BSE that there is no deviation or variation in the use of funds raised through its Initial Public Offering (IPO) which took place on October 3, 2025. The company raised approximately Rs. 15,999.97 Lakhs (around Rs. 160 crore) through the public issue, with Crisil Ratings Limited acting as the monitoring agency. Out of the net proceeds of Rs. 14,520.07 Lakhs, the company utilized Rs. 2,107.51 Lakhs during the quarter, primarily toward Capital Expenditure (Rs. 877.43 Lakhs against an original allocation of Rs. 13,254.20 Lakhs). The Audit Committee reviewed the statement at its meeting on February 13, 2026, and raised no comments or concerns regarding fund utilization.
This is a routine, positive compliance filing confirming that IPO proceeds are being used as originally promised to shareholders. No deviation means no governance red flags, and investors can expect capital expenditure deployment to continue in line with the stated IPO objects.