Rishabh Instruments Limited — Others, 07-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Rishabh Instruments Limited reported a deviation in the utilization of funds raised through its public issue amounting to ₹75 Cr. The company confirmed changes in the use of funds were approved by shareholders on September 13, 2024. Key allocations included ₹62.18 Cr for the expansion of its Nashik manufacturing facility I, which utilized ₹32.18 Cr, and ₹30 Cr for facility II, utilizing ₹7.19 Cr. The financial health shows ongoing commitment to growth, though the modified allocations suggest a strategic pivot. Investors may view this as a positive outlook if aligned with long-term operational goals.