Glass Wall Systems: No Deviation in IPO Fund Utilization

Glass Wall Systems (India) Ltd has filed a Statement of Deviation or Variation for the quarter and half-year ended September 30, 2026, confirming no deviation in the utilization of funds raised through its Initial Public Offer (IPO). The report, approved by the Audit Committee, details the allocation and utilization of funds for setting up a Glass Processing Unit (GPU) project, general corporate purposes, and offer-related expenses. The company has utilized ₹1,50,50,051.15 for the GPU project, ₹4,63,02,361.41 for general corporate purposes, and ₹2,60,73,015.00 for offer-related expenses, all within the original or modified allocations, indicating transparent fund management.