Gabriel Pet Straps Limited Confirms No Deviation in Utilization of Public Issue Proceeds for FY 2024-25

Gabriel Pet Straps Limited, formerly known as Gabriel Pet Straps LLP, has confirmed in a statement that there is no deviation or variation in the utilization of proceeds of the public issue for the half year and financial year ended March 31, 2025. The company raised Rs. 8,05,98,000 in February 2024, which was utilized as follows: Rs. 1,47,02,896 for prepayment of borrowings, Rs. 1,42,48,000 for general corporate purpose, and Rs. 2,92,50,000 for funding of the solar power plant, which is yet to commence. The remaining amount of Rs. 1,73,07,000 was unutilized.