Monthly Update25 Feb 2026, 05:51 pm
Globtier Infotech Ltd Confirms No Deviation in Utilization of IPO Funds for H1 2025
AI Summary
Globtier Infotech Ltd has released a statement pursuant to Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements, confirming no deviation or variation in the utilization of funds raised through the Initial Public Offer (IPO) for the half year ended September 30, 2025. The audit committee of the company has reviewed and noted that the unutilized proceeds of the IPO are parked in FDs with HDFC Bank.
Key Highlights
- Globtier Infotech Ltd confirms no deviation in IPO funds utilization for H1 2025
- Unutilized IPO proceeds parked in FDs with HDFC Bank
- Audit committee reviewed and noted no deviation
- IPO proceeds utilized as per the original allocation
- Statement released pursuant to Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements
Price Impact
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