Banner

Statement of Deviation or variation 31-12-2023

 

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
Top arrow