Motisons Jewellers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Motisons Jewellers has confirmed there is no deviation or variation in how it is using the Rs. 170 crore raised through its preferential issue on October 5, 2024. The disclosure is filed for the quarter ended June 30, 2025, with CRISIL Ratings Limited acting as the monitoring agency. As of quarter-end, the company has utilized Rs. 42.50 crore in total — Rs. 0.11 crore for issue expenses (fully done), Rs. 13 crore for repayment of unsecured loans, and Rs. 29.39 crore for working capital. No funds have been deployed yet toward the Rs. 34.50 crore earmarked for general corporate purposes. The audit committee and auditors have raised no comments on the utilization.
This is a routine compliance filing confirming that funds raised are being used as originally disclosed to shareholders, with no misuse or change in purpose. No negative impact on shareholders; partial deployment of proceeds reflects normal staggered usage rather than any red flag.