Regulatory14 May 2026, 07:31 pm
Gala Precision: No Deviation in IPO Proceeds Utilization
AI Summary
Gala Precision Engineering Ltd. confirms no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the quarter ended March 31, 2026. The NIL statement of deviation/variation has been reviewed by the Audit Committee. The amount raised through the IPO was ₹167.93 Crore.
Key Highlights
- Gala Precision confirms no deviation in IPO proceeds utilization for Q4 2026.
- Audit Committee reviewed and approved the NIL deviation statement.
- ₹167.93 Crore was raised through the IPO.
- CRISIL Ratings Limited is the Monitoring Agency.
Price Impact
More from GALAPREC