GB Logistics Commerce Ltd — Updates, 30-05-2025: Company Update

GB Logistics Commerce Limited has announced a board meeting to review the financial results for the quarter and half-year. The company confirms no deviation or variation in the utilization of Rs. 25.07 Cr raised through its recent public issue. Funds have been allocated as planned towards working capital (Rs. 9.38 Cr), pending general corporate purposes (Rs. 5.47 Cr parked in the current account), share issue expenses (Rs. 1.42 Cr), repayment of borrowings (Rs. 5.00 Cr), and truck purchase (Rs. 3.80 Cr). This financial discipline supports operational stability and planned growth for shareholders.