Manoj Vaibhav Gems N Jewellers Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Manoj Vaibhav Gems 'N' Jewellers Limited has announced a board meeting to discuss the statement of deviation or variation in the utilization of funds raised through its IPO for the second quarter and half-year ended September 30, 2024. The company confirms that there are no deviations in fund usage, with a total of Rs. 210.00 crore raised, and funds allocated according to the original plan for new showrooms, inventory costs, and general corporate purposes are intact. This clarity may bolster investor confidence, presenting a positive outlook on management's adherence to strategic plans and prudent financial practices.