Glen Industries Ltd — Important, 11-11-2025: Company Update

Glen Industries Limited has confirmed no deviation in the use of proceeds from its public issue for the half year ended September 30, 2025. The company raised Rs. 56.59 Crores net from its IPO. Funds were allocated for a new manufacturing facility (Rs. 47.73 Cr) and general corporate purposes (Rs. 8.86 Cr), with Rs. 5.61 Cr and Rs. 5.98 Cr utilized respectively, without any variation from the original plan. This update provides clarity on fund management for shareholders, assuring proper utilization of raised capital.