Glottis Limited Extends Timeline for Utilization of ₹1,245.63 Million Unutilized IPO Proceeds
Glottis Limited's Board of Directors approved a one-year extension for utilizing ₹1,245.63 Million in unutilized IPO proceeds, extending the timeline from April 01, 2026, to March 31, 2027. Out of the original ₹1,599.99 Million raised through IPO, the company has utilized ₹354.36 Million as of December 31, 2025. The extension maintains the original objects of the issue with no changes, and the unutilized funds remain parked in interest-bearing instruments in compliance with applicable regulations.
