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

Goodluck India Limited has provided a statement detailing the utilization of funds raised through its recent equity share issues. The company raised approximately ₹66 crores from a preferential issue and generated ₹29.5 crores through the conversion of warrants, amounting to a total fundraising of nearly ₹200 crores. Importantly, there has been no deviation from the specified uses of these funds, which include debt repayment and working capital needs. This adherence may bolster investor confidence, suggesting a disciplined approach to capital management, which could lead to a positive outlook for shareholder value.