Gabriel Pet Straps Limited has filed a regulatory compliance statement pursuant to SEBI Regulation 32, confirming that there is no deviation or variation in the utilization of proceeds from its public issue and two preferential issues for the financial year ended March 31, 2026.
Public Issue Fund Utilization (February 2024)
- Mode of Fund Raising: Issuance of Equity Shares through Public Issue
- Amount Raised: ₹8,05,98,000
- Allotment Date: February 5, 2024
- Listing Date: February 7, 2024
- Utilization Breakdown:
- Repayment of borrowings: ₹1,73,07,000 (fully utilized as allocated)
- Acquisition of land: ₹1,97,93,000 (fully utilized as allocated)
- Capital expenditure for Solar Power Plant: ₹2,92,50,000 allocated, ₹75,46,215 utilized (no deviation reported)
- General Corporate Purpose: ₹1,42,48,000 (fully utilized as allocated)
First Preferential Issue Fund Utilization (February 2025)
- Mode of Fund Raising: Issuance of Equity Shares through Preferential Issues
- Amount Raised: ₹40,25,83,200
- Allotment Date: February 19, 2025
- Listing Date: July 18, 2025
- Utilization: Fully utilized (₹40,25,83,200) for working capital requirements and general corporate purpose as originally allocated
Second Preferential Issue Fund Utilization (December 2025)
- Mode of Fund Raising: Issuance of Equity Shares through Preferential Issues
- Amount Raised: ₹85,60,62,976
- Allotment Date: December 8, 2025
- Listing Date: March 12, 2026
- Utilization Breakdown:
- Working Capital: ₹20,25,00,000 allocated, ₹20,25,00,000 utilized (fully utilized)
- Funding to subsidiary company: ₹32,00,00,000 allocated, ₹32,00,00,000 utilized (fully utilized)
- Land Procurement and Shed at Factory: ₹15,50,00,000 allocated, ₹15,50,00,000 utilized (fully utilized)
- General Corporate Purpose and issue related expenses: ₹22,50,00,000 allocated, ₹15,60,62,976 modified allocation, ₹3,63,61,939 utilized (no deviation reported)