BSECompany Update10 Aug 2026 · 10 Aug 2026, 07:17 pm
Compliances - Statement of Deviation and Variation.
Glottis Ltd · 544557
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Glottis Ltd has filed a compliance statement with the National Stock Exchange and BSE, stating that there has been no deviation or variation in the utilization of funds raised through its initial public offering (IPO) for the quarter ended June 30, 2026. The company has revised the net proceeds from the IPO from Rs. 14,520.07 lakhs to Rs. 14,533.19 lakhs due to lower issue expenses.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Glottis Ltd - 544557 - Compliances - Statement Of Deviation And Variation.
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Date: August 10, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers
Bandra Kurla Complex Dalal Street, Mumbai – 400 001
Bandra (E), Mumbai – 400 051
SYMBOL: GLOTTIS SCRIP CODE: 544557
Dear Sir/Ma’am
Sub: Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI
(Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter ended June
30, 2026.
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended, please find enclosed herewith as annexure, the Statement confirming that there has been no
Deviation or variation in utilization of funds raised through Initial Public Offering (IPO) by the Company
from the objects stated in Prospectus, for the quarter ended June 30, 2026, duly reviewed by the Audit
Committee, at its meeting held on August 10, 2026.
The above is for your information and record.
Thanking you,
Yours faithfully
For Glottis Limited
Nibedita Panda
Company Secretary and Compliance Officer
M. No: A68844
G Iott Is STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED
Name of listed entity Glottis Limited
Mode of Fund Raising Public Issue
Date of Raising Funds October 3, 2025
Amount raised Rs. 15,999.87 Lakhs
Report filed for Quarter ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Crisil Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whethethre same is pursuant to change in terms of a contract or objects,
which was approved byt he shareholders NA
If Yes, Date of shareholder Approval NA
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NIL
Comments of the auditors, if any NIL
Objects for which funds have been raised and where there has been a deviation, in the following table
Amount of
Ori. ginal Obje ct Modif. i ed AlO lr oi cg ai tna i2| l o n Alloco ad ti if ol ne ,d if | | u¢ t ig U li 5 sed || D nev fi oa rt ti ho en/ qV ua ar ri ta et ri o [Remarks, ) i f any
Object, if any any
®uakhs) | P | ek | accordingto
2 applicable object
Capital Expenditure 13,254.20] 13,254.20| 449255
General Corporate Purposes 1,26587| 1,278.99| 127887
Refer Note
Net Proceeds NA 14,520.07 14,533.19 5,771.42 | Refer Note below GEIGW
Issue Expenses 1,479.80| 146668 | 1,466.68
Gross Proceeds 15,099.87| 15999.87 | 7,238.10
Note
During the quarter ended March 31, 2026, Net proceeds have been revised from X 14,520.07 lakhs to X 14,533.19 lakhs as the
actual Issue Expenses are lower than estimated as per the offer document by X 13.12 lakhs. The same has been adjusted with
General Corporate Purposes cost.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms ofa contract referred to in the fund raising document i.e. prospectus, letter of offer, etc
For and on behalf of the Board of Directors of
Glottis Limited
Rajasree
Chief Financial Officer
Date: Aug 10, 2026
Place: Chennai
Glottis Limited
Regd Off : New No.46, Old No.311, Ist Floor, Thambu Chetty Street, Chennai - 600 001. &, (044) 2525 0222 / 4266 5587
Corp. Office : Plot No.164, 13th Cross Street, Defence Officers Colony, Ekkatuthangal, Nandambakkam, Chennai - 600 032.