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 half year ended March 31, 2025, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PNGS Gargi Fashion Jewellery has filed a SEBI-mandated update on how it is using the money it raised through a preferential issue of equity shares in August 2024. The total amount raised was Rs. 4,196.35 lakhs (about Rs. 41.96 crore), meant for expanding brand and SIS stores, a PAN India marketing campaign, and inventory investment. As of March 31, 2025, the company has utilised Rs. 759.22 lakhs, mostly for expanding brand stores and meeting the inventory needs of those new stores. The audit committee reviewed the report and approved it without any comments or objections.
For shareholders, this is a routine compliance update confirming that preferential issue funds are being deployed as originally planned, with no reported deviation in purpose. The slow utilisation pace (only ~18% deployed in about 7 months) is worth tracking, as it means future capex on store expansion and marketing will depend on remaining cash.