GSM Foils Limited — Results, 11-11-2024: Reply to Clarification- Financial results

GSM Foils Limited confirmed that there were no deviations in the utilization of IPO proceeds for the half-year period ending September 30, 2024, as per the company's prospectus. The amounts raised totaled ₹1,100.80 lakhs, with specific allocations for capital expenditures, working capital requirements, and general corporate purposes. A detailed statement of the fund utilization, reviewed by the audit committee, is available on the company’s website.