General information about company |
|
Scrip Code* | 543829 |
NSE Symbol | GSLSU |
MSEI Symbol | NOTLISTED |
ISIN | INE0JSX01015 |
Name of the listed entity | GLOBAL SURFACES LIMITED |
Statement(1) |
|
Mode of Fund Raising | Public Issues |
Description of mode of fund raising (Applicable in case of others is selected) | |
Date of Raising Funds | 20-03-2023 |
Amount Raised (in Rs. Crores) | 154.98 |
Report filed for Quarter ended | 31-12-2023 |
Monitoring Agency | Applicable |
Monitoring Agency Name, if applicable | CARE Ratings Limited |
Is there a Deviation / Variation in use of funds raised | No |
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
If Yes, Date of shareholder Approval | |
Explanation for the Deviation / Variation | |
Comments of the Audit Committee after review | None |
Comments of the auditors, if any | None |
Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
1 | Investment in Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of the Proposed Facility | Not Applicable | 90 | 0 | 85.41 | 0 | |
2 | General corporate purposes | Not Applicable | 11.58 | 0 | 11.46 | 0 |
Statement(2) |
|
Mode of Fund Raising | Preferential Issues |
Description of mode of fund raising (Applicable in case of others is selected) | |
Date of Raising Funds | 04-12-2023 |
Amount Raised (in Rs. Crores) | 498.75 |
Report filed for Quarter ended | 31-12-2023 |
Monitoring Agency | Applicable |
Monitoring Agency Name, if applicable | CARE Ratings Limited |
Is there a Deviation / Variation in use of funds raised | No |
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
If Yes, Date of shareholder Approval | |
Explanation for the Deviation / Variation | |
Comments of the Audit Committee after review | None |
Comments of the auditors, if any | None |
Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
1 | To meet working capital requirement of the Company | Not Applicable | 50 | 0 | 7 | 0 | |
2 | To infuse funds in subsidiary companies namely M/s Global Surfaces FZE incorporated in Dubai and M/s Global Surfaces INC and M/s Superior Surfaces INC incorporated in the United State of America in order to expand their respective businesses. | Not Applicable | 100 | 0 | 24.98 | 0 | |
3 | General Corporate Purpose (For strategic initiatives, meeting exigencies, brand building exercises in order to strengthen our operations) | Not Applicable | 49.5 | 0 | 0 | 0 |
Signatory Details |
|
Name of signatory | Mayank Shah |
Designation of person | Managing Director |
Place | Jaipur |
Date | 10-02-2024 |