Kabra Jewels Limited — Others, 07-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Kabra Jewels Limited has announced a statement confirming no deviation in the utilization of ₹40 Cr raised through its IPO. The funds were deployed as planned: ₹10 Cr for repayment of borrowings, ₹22 Cr for working capital, and ₹5.76 Cr towards general corporate purposes. The actual IPO expenses were ₹2.24 Cr, significantly lower than the estimated ₹4.01 Cr, with the surplus ₹1.78 Cr redirected to corporate use without exceeding 25% of the gross proceeds. This disciplined fund management supports the company’s operational and financial stability.