Rishabh Instruments Limited — Others, 03-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Rishabh Instruments Limited has disclosed a revised statement regarding the deviation in fund utilization for the quarter and half-year ended September 30, 2024. The company raised ₹75 crore through a public issue on September 11, 2023, with some deviations reported from the original allocation. Notably, ₹62.89 crore was allocated for the expansion of its Nashik manufacturing facility, with minor adjustments in allocation for general corporate purposes. The management suggests these changes were approved by shareholders on September 13, 2024. This update may impact investor sentiment positively by showcasing transparency in fund utilization and adherence to shareholder interests.