GB Logistics: No Deviation in IPO Fund Use for FY26

GB Logistics Commerce Ltd has confirmed no deviation or variation in the utilization of funds raised from its Initial Public Offer (IPO) on January 31, 2025, for the financial year ended March 31, 2026. The company raised ₹2,506.75 Lakhs through the IPO. The statement, reviewed by the Audit Committee, covers utilization for working capital, general corporate purposes, share issue expenses, repayment of borrowing, and truck purchase. All utilized amounts matched the original allocations, with NIL deviation reported for each category. A note clarifies an advance for three trucks made in FY24-25, which are yet to be transferred to the company's name.