RBZ Jewellers Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

RBZ Jewellers Limited has disclosed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO). The total funds raised amounted to ₹10,000 crore, with net proceeds of ₹8,902 crore, all utilized for the intended purposes, including working capital requirements and general corporate purposes, as confirmed by both the Audit Committee and the auditors. This confirmation underscores the company's adherence to its financing strategy, which may bolster investor confidence by demonstrating effective fund management and operational governance. The stable use of IPO proceeds could present a positive outlook for shareholders.