GSP Crop Science Limited (GSPCROP) — deviation variation

· NSE 🟡 Notable Neutral
📢 Key Event
No deviation in utilization of IPO proceeds confirmed by Audit Committee and Board.
💡 Investor Takeaway
Shareholders can be assured that the raised funds were used strictly for the purposes disclosed in the prospectus with no unauthorized deviations.

GSP Crop Science Limited confirmed no deviation in the utilization of IPO proceeds raised through a public issue of Rs. 2400 million fresh issue and Rs. 1600 million offer for sale, as reviewed by the Audit Committee and Board for the quarter and financial year ended March 31, 2026. The company utilized funds for repayment of borrowings, general corporate purposes, and other specified objects without any variation from the prospectus. The Monitoring Agency report corroborates compliance with SEBI Regulation 32 requirements.

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About GSP Crop Science Limited (GSPCROP)

Chemicals · Fertilizers & Agrochemicals · Listed on NSE

Market Cap: ₹1,990.07 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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