Company Update

Gabriel Pet Straps Limited confirms no deviation in the utilization of funds from its public issue and two preferential issues for the financial year ended March 31, 2026. This means the capital of Rs. 8.06 Cr from the public issue, Rs. 40.26 Cr from the first preferential issue, and Rs. 85.61 Cr from the second preferential issue was deployed exactly as planned.

This update provides crucial transparency to investors, demonstrating that funds are being used for stated objectives like debt repayment, land acquisition, solar plant setup, and working capital, including for a subsidiary.