Motisons Jewellers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
MOTISONS · price
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Motisons Jewellers has filed its quarterly statement confirming no deviation in fund utilization from its ₹170 crore Preferential Issue (raised on 05.10.2024). The funds were allocated for issue expenses (₹0.50 Cr), loan repayment (₹40 Cr), working capital (₹95 Cr), and general corporate purposes (₹34.50 Cr). As of Q3 FY26 (31-03-2026), ₹64.56 Crores has been utilized, with ₹33.89 Cr used for loan repayment, ₹30.56 Cr for working capital, and ₹0.11 Cr for issue expenses. No changes to the stated objects or contract terms were reported. CRISIL Ratings Limited is the monitoring agency.
The company has confirmed proper adherence to fund deployment as per disclosed objects, which is a positive compliance indicator. However, ₹105.44 Crores (62% of proceeds) remains unutilized, suggesting ongoing capital deployment in the coming quarters.