Motisons Jewellers Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Motisons Jewellers Limited has confirmed that there is no deviation in the utilization of funds raised from its IPO, amounting to Rs 131.988 Crores. The company allocated Rs 58 Crores for repaying borrowings and Rs 71 Crores for working capital needs, fully utilizing these amounts. Additionally, Rs 1.46 Crores were allocated to general corporate purposes, reflecting a reallocation based on lower-than-expected utilization for borrowings. This strategic adjustment allows the company to remain agile in funding future initiatives. Investor sentiment may view this as a positive outlook, indicating effective management of funds and transparency in financial practices.