Glottis Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
GLOTTIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glottis Limited filed its Q4 FY26 (quarter ending March 31, 2026) fund utilisation statement for its IPO, which raised Rs. 15,999.87 Lakhs in October 2025. The company confirmed there is NO deviation or variation in the use of IPO proceeds from the objects stated in the prospectus. Of the total proceeds, Rs. 7,125.67 Lakhs (~44.5%) has been utilised so far. The only minor accounting adjustment noted is that actual issue expenses (Rs. 1,462.50 Lakhs) came in lower than estimated by Rs. 13.12 Lakhs, which was reallocated to General Corporate Purposes — this change is minor and within normal parameters. The Audit Committee reviewed and confirmed nil comments.
The confirmation of no fund utilisation deviation is a positive signal — it means the company is deploying IPO proceeds as promised. The relatively slow pace of utilisation (~44.5% deployed in one quarter post-IPO) may reflect the nature of capital expenditure timelines. No immediate shareholder concern.