RBZ Jewellers Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

RBZ Jewellers Limited has announced a board meeting to discuss the statement of deviation in the utilization of funds raised through its Initial Public Offering (IPO). The company confirms there has been no deviation or variation in the utilization of these funds for the quarter ended December 31, 2024. A total of ₹10,000 cr was raised, with ₹8,902 cr net proceeds after expenses allocated for working capital and general corporate purposes. This positive outlook on fund management may bolster investor confidence in the company's operational integrity and adherence to its strategic objectives.