The Statement of Deviation(s) or Variation(s) under regulation 32 of SEBI (LODR) Regulations 2015 for the quarter ended September 30, 2025, pertaining to preferential issue of equity shares ....
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PNGS Gargi Fashion Jewellery has filed a routine compliance statement to BSE for the quarter ended September 30, 2025, covering two preferential equity share issues. The first issue, raised on August 26, 2024 for Rs. 4,196.35 lakhs, was meant for brand/SIS store expansion, PAN India marketing, and inventory investment; the company has utilised Rs. 3,554.79 lakhs so far, with the remaining funds largely supporting store expansion and inventory needs. The second issue, raised on August 26, 2025 for Rs. 1,091.25 lakhs, was earmarked for marketing and promotional expenses and remains fully unutilised as of the quarter end. No monitoring agency was required, and the audit committee reviewed and approved both annexures with no adverse comments. The company has confirmed there is no deviation or variation from the originally disclosed objects for either issue.
This is a routine SEBI-mandated disclosure with no negative findings — shareholders can take comfort that raised funds are being deployed largely in line with stated objectives. The unutilised Rs. 10.91 crore from the recent August 2025 issue is normal given how recently it was raised and may support marketing-led growth in upcoming quarters.