LGT Global Hospitality: No IPO Fund Use Deviation for Q2 2026

LGT Global Hospitality Ltd has filed its statement of deviation and variation for the quarter ended June 30, 2026. The company confirms that there has been no deviation or variation in the utilization of proceeds raised through its Initial Public Offering (IPO) from the objects stated in the offer document. Funds raised amounted to ₹21.92 Crores (net of issue expenses). The utilization for Capital Expenditure, Working Capital, and General Corporate Purposes aligns with the original allocations and within the expected timelines. The company also noted that the board has reviewed and approved the utilization, with proceeds expected to be used within 12 months of receipt and to be placed before shareholders at the AGM.