RBZ Jewellers Limited — Others, 12-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

RBZ Jewellers Limited has confirmed that IPO proceeds of Rs 100 Cr were utilized as planned: Rs 80.75 Cr for working capital, Rs 11.36 Cr for general corporate purposes, and Rs 7.89 Cr for issue expenses. The monitoring agency, CRISIL Ratings Limited, reviewed and approved the fund usage with no adverse audit observations. This disciplined deployment of funds supports the company’s operational and strategic goals, reinforcing shareholder confidence.