Global Pet Industries Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Global Pet Industries Limited has confirmed there is no deviation in the utilization of funds raised through its Initial Public Offering (IPO), conducted on July 5, 2023, amounting to ₹1,323 cr. The Audit Committee has reviewed this status, noting that funds allocated for capital expenditures and general corporate purposes have been utilized as planned, with ₹675.38 cr for capital expenditures and ₹36.18 cr for general purposes. This clarity may bolster investor confidence by reinforcing proper fund management, presenting a positive outlook for shareholder trust and financial stability.