PNGS Gargi Fashion Jewellery Ltd — Updates, 09-05-2025: Company Update

PNGS Gargi Fashion Jewellery Limited has announced a statement of deviation regarding the preferential equity issue that raised Rs. 4,196.35 Lakhs. The funds were primarily intended for brand and SIS store expansion, a PAN India marketing campaign, and inventory investment. While the company has utilized the funds mostly for expanding brand stores and meeting inventory needs, a deviation in fund allocation has been noted. The Audit Committee reviewed and approved the report with no comments, indicating the deviations did not affect the overall objectives significantly.