Glottis Limited Reports No Deviation in IPO Fund Utilization for Q4 FY26
Glottis Limited reported no deviation in IPO fund utilization for the quarter ended March 31, 2026. Funds raised on October 3, 2025, amounted to ₹15,999.87 Lakhs. Total utilized funds were ₹7,125.67 Lakhs. A minor adjustment of ₹13.12 Lakhs was made to General Corporate Purposes due to lower issue expenses.
This is a routine compliance filing to report on fund utilization as per SEBI regulations. It does not introduce new material information that would significantly impact the company's stock or operations.
The announcement is a routine regulatory filing confirming no deviations in fund utilization, which is standard procedure and does not indicate positive or negative performance.
Glottis Limited has submitted its Statement of Deviation or Variation in the utilization of funds raised via Initial Public Offering (IPO) for the quarter ended March 31, 2026. The company confirmed that there were no deviations or variations from the objects stated in its prospectus.
The total amount raised through the IPO was ₹15,999.87 Lakhs, with funds raised on October 3, 2025. For the quarter ended March 31, 2026, the total funds utilized amounted to ₹7,125.67 Lakhs. The company's Audit Committee reviewed the statement on May 25, 2026, and found no issues.
A minor revision in net proceeds was noted, from ₹14,520.07 Lakhs to ₹14,533.19 Lakhs. This adjustment was due to actual issue expenses being lower than estimated by ₹13.12 Lakhs, with the difference being allocated to General Corporate Purposes. The original objects included Capital Expenditure (₹13,254.20 Lakhs utilized) and General Corporate Purposes (₹1,278.99 Lakhs utilized).
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Glottis Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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