Goodluck India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
GOODLUCK · price
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Goodluck India Limited has filed a quarterly compliance statement confirming the use of funds raised through a preferential issue in November 2023. The company had raised approximately Rs. 66 crore by issuing 11 lakh equity shares at Rs. 600 each, and Rs. 7.5 crore from 5 lakh convertible warrants (25% upfront payment). The funds were earmarked for three purposes: repayment of debts, capital expenditure, and investment in its subsidiary Goodluck Defence and Aerospace Ltd. The company has reported no deviation or variation in the use of these funds, and the Audit Committee confirmed that the funds were utilized strictly as per the original objects stated in the EGM notice.
This is a routine SEBI compliance filing with a neutral to mildly positive tone — it confirms disciplined and transparent use of raised capital, with no misuse or diversion reported. Investors can take comfort that the Rs. 73.5 crore raised in 2023 has been deployed as promised, which supports management credibility.