Regulatory6 Aug 2026, 06:00 pm
Gala Precision Engineering: No IPO Fund Use Deviation for Q1 FY27
AI Summary
Gala Precision Engineering Ltd has filed a statement confirming no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO). The report covers the quarter ended June 30, 2026. The company raised ₹167.93 Crore via the IPO. The Audit Committee has reviewed and approved the NIL statement of deviation. This filing adheres to SEBI Listing Regulations.
Key Highlights
- No deviation in IPO fund utilization reported for Q1 FY27.
- Total IPO proceeds raised were ₹167.93 Crore.
- Audit Committee reviewed and approved the NIL deviation statement.
- Filing complies with SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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