Rbz Jewellers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
RBZJEWEL · price
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Awaiting price reaction for this filing.
RBZ Jewellers has filed its quarterly disclosure confirming there has been no deviation or variation in the use of funds raised through its IPO in December 2023. The company had raised gross proceeds of Rs 10,000 lakh (Rs 100 crore), with revised net proceeds of Rs 9,210.51 lakh after issue expenses of Rs 789.49 lakh. As of March 31, 2025, the entire Rs 10,000 lakh has been fully utilized across the stated objects: Rs 8,074.91 lakh for working capital requirements, Rs 1,135.60 lakh for general corporate purposes, and Rs 789.49 lakh for issue expenses, with no unutilized amount remaining. CRISIL Ratings Limited acted as the monitoring agency and the Audit Committee reviewed and approved the statement on May 12, 2025.
This is a routine compliance filing that confirms disciplined and transparent use of IPO proceeds in line with what was promised to investors at the time of the issue. No negative signal for shareholders, though this is largely a procedural disclosure and unlikely to move the stock price.