Regulatory18 May 2026, 08:41 pm
Goel Construction: No Deviation in IPO Fund Utilisation
AI Summary
Goel Construction Company Ltd reports no deviations or variations in the utilization of funds raised through its IPO for the year ended March 31, 2026. The IPO raised ₹8,107.53 Lakhs. The funds were allocated towards capital expenditure, repayment of borrowings, general corporate purposes, and issue expenses, as outlined in the prospectus. The audit committee reviewed the statement on May 18, 2026.
Key Highlights
- Goel Construction confirms no deviation in IPO fund utilization for FY26.
- IPO raised ₹8,107.53 Lakhs for various corporate purposes.
- Audit Committee reviewed and approved the fund utilization statement on May 18, 2026.
- Funds allocated to capital expenditure, debt repayment, and general corporate purposes.
- Slight variation in General Corporate Purpose due to undersubscription in Employee Reservation Portion.
Price Impact
More from GOELCONS