Statement of Deviation/ Variation in utilisation of funds raised for the quarter and year ended March 31, 2026.
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Goel Construction Company Limited has filed a compliance statement confirming there are NO deviations or variations in the utilisation of IPO proceeds for the year ended March 31, 2026. The company raised Rs. 8,107.53 Lakhs through its IPO (fresh issue) in September 2025. Of the four main object categories, capital expenditure for equipment and fleets shows Rs. 2,772.04 Lakhs utilized out of Rs. 4,174.38 Lakhs allocated (partial utilization), while borrowings repayment was fully utilized at Rs. 2,305.25 Lakhs. A minor technical adjustment of Rs. 2.92 Lakhs was added to General Corporate Purposes due to undersubscription in the Employee Reservation Portion, revising GCP from Rs. 973.12 Lakhs to Rs. 976.04 Lakhs. The Audit Committee reviewed this statement on May 18, 2026, with nil comments.
This is a positive compliance filing confirming the company has deployed IPO funds as per its prospectus objectives with no material deviations. The partial capital expenditure utilization (66% deployed) may indicate ongoing projects or a phased deployment schedule, which is normal for construction companies. Shareholders can note funds are being used as intended.