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

Motisons Jewellers Limited has announced a board meeting to discuss compliance with SEBI regulations concerning the utilisation of IPO proceeds. The company confirms no deviations in fund allocation from the original objects outlined in the IPO prospectus. Total funds raised were ₹131.99 crore, with detailed usage confirming allocations for loan repayments and working capital. The reallocation reflects operational strategy, indicating prudent financial management as realized expenditures align with planned objectives. This clarity may enhance investor confidence, presenting a positive outlook for the company’s ongoing capital efficiency.