Gokaldas Exports Limited — Others, 12-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Gokaldas Exports Limited has reported that there were no deviations in the use of funds raised through its Qualified Institutional Placement (QIP) of Rs. 600 crore, as of September 30, 2024. The funds have been allocated for repayment of borrowings, investment in its subsidiary, and general corporate purposes, totaling Rs. 585.79 crore utilized. The confirmation from the Audit Committee emphasizes adherence to the original funding objectives. This stability could enhance investor confidence, indicating effective fund management and ongoing strategic growth initiatives. Positive sentiment may emerge as the company maintains operational integrity amid expansion efforts.