Pursuant to compliance under regulation 32 (1) of SEBI (LODR) Regulation, 2015 enclosed herewith is the Statement of Deviation(s) or variation(s) for the quarter ended June 30, 2025 pertaining ....
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Awaiting price reaction for this filing.
PNGS Gargi Fashion Jewellery has filed its quarterly statement on the use of Rs. 4,196.35 lakhs it raised through a preferential issue of equity shares in August 2024. During the quarter ended June 30, 2025, the company utilised Rs. 1,519.49 lakhs from these proceeds. The original purpose of the fund raise was expansion of brand and SIS stores, a PAN India marketing campaign, and inventory investment, all of which were clubbed together as a single object. The company reports that the funds were primarily used for brand store expansion and meeting inventory needs. No deviation or variation has been reported, and the audit committee reviewed and approved the statement with no adverse comments. No monitoring agency was applicable to this issue.
This is a routine compliance filing that confirms the company is deploying its raised funds in line with the originally stated objectives. No deviation is a neutral-to-positive governance signal, suggesting disciplined use of capital toward store expansion and inventory, though the cumulative utilisation pace (Rs. 1,519 lakhs in Q1 FY26 against Rs. 4,196 lakhs raised in August 2024) is worth tracking in subsequent quarters.