Regulatory5 Nov 2026, 06:32 pm
Gala Precision Engineering: Nil Deviation Report for IPO Proceeds (Sept 2026)
AI Summary
Gala Precision Engineering Limited has filed a Nil Deviation Report for the quarter ended September 30, 2026, confirming no variations in the utilization of funds raised through its Initial Public Offer (IPO). The report, reviewed by the company's Audit Committee, indicates that all proceeds have been utilized as per the original objects disclosed. The total amount raised via IPO was ₹167.93 Crore. CRISIL Ratings Limited is the applicable monitoring agency.
Key Highlights
- No deviation reported in IPO fund utilization for Q2 FY27.
- Audit Committee reviewed and approved the Nil Deviation statement.
- Total IPO funds raised amounted to ₹167.93 Crore.
- CRISIL Ratings is the designated monitoring agency.
Price Impact
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