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P N Gadgil Jewellers Limited has shared the Monitoring Agency Report for the quarter ended December 31, 2024, prepared by ICRA Limited. The report confirms no deviations from the objectives of their recent IPO, affirming that proceeds are being utilized as planned with a focus on opening new stores. The total issue size was INR 1,100 crore, with net proceeds currently expected to be INR 799.77 crore due to higher than anticipated expenses. This proactive expansion strategy may generate a positive outlook for investors as the company increases its footprint in the jewellery sector.