Gala Precision Engineering Limited — Others, 12-02-2025: Monitoring Agency Report

Gala Precision Engineering Limited has submitted its Monitoring Agency Report regarding the utilization of IPO proceeds for the quarter ended December 31, 2024, prepared by Crisil Ratings Limited. The total gross proceeds from the IPO amounted to ₹1,353.40 million, with net proceeds after expenses of ₹1,212.35 million. Notably, all funds have been utilized as per the disclosures in the Offer Document without any deviations. This report reflects positively on the company’s financial management and commitment to transparency, potentially boosting investor confidence in its operational strategies and future growth.