BlueStone Jewellery and Lifestyle Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
BLUESTONE · price
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BlueStone Jewellery and Lifestyle Limited has submitted its quarterly statement confirming no deviation or variation in the utilisation of IPO proceeds for the quarter ended March 31, 2026. The company raised Rs. 820 crore through its Initial Public Offer which closed on August 14, 2025, and got listed on both NSE and BSE on August 19, 2025. CARE Ratings Limited has been appointed as the monitoring agency for the IPO proceeds. The Audit Committee and auditors have both confirmed nil comments on the fund utilisation, indicating the proceeds are being deployed as per the stated objects in the prospectus.
This is a routine compliance filing with no cause for concern. The confirmation of no deviation reassures investors that IPO funds are being deployed according to the disclosed objectives, typically including expansion, debt repayment, and general corporate purposes. The nil comments from both audit committee and auditors indicate clean deployment.