Goodluck India Limited — Others, 22-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Goodluck India Limited has confirmed that funds raised through a preferential issue—Rs. 66 Cr from equity shares and Rs. 7.5 Cr from convertible warrants—have been utilized as intended. The proceeds are being deployed for debt repayment, capital expenditure, and investing in its subsidiary, Goodluck Defence and Aerospace Ltd. The audit committee has reviewed and validated that the fund usage aligns with the approved plans, reinforcing transparency and commitment to shareholder interests.