Regulatory30 May 2026, 06:42 pm
Gabriel Pet Straps: No Deviation in Funds Utilization
AI Summary
Gabriel Pet Straps Limited confirms no deviation or variation in the utilization of proceeds from its public issue and preferential issue for the financial year ended March 31, 2026. The company raised ₹8,05,98,000 through a public issue and ₹40,25,83,200 through preferential issues. The report, filed on May 30, 2026, states that funds were utilized as originally intended, with no modifications to the objects or allocations.
Key Highlights
- Gabriel Pet Straps reports no deviation in public issue proceeds utilization.
- No variation in preferential issue proceeds utilization for FY26.
- Public issue raised ₹8,05,98,000; preferential issues raised ₹40,25,83,200.
- Audit Committee and auditors reported no comments on fund utilization.
- Funds utilized for repayment of borrowings, land acquisition, solar plant, and general corporate purposes.
Price Impact
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