International Gemmological Institute (India) Limited — Others, 01-08-2025: Monitoring Agency Report

IGIL has submitted its latest fund utilization report from monitoring agency ICRA. For the quarter ending June 30, 2025, the company fully utilized the entire Rs. 9 Cr raised from its public issue. The funds were used as planned: Rs. 4 Cr for issue costs, Rs. 2 Cr for capital expenditure on grading and certification labs, and Rs. 3 Cr for long-term working capital. The report confirms no deviations from the stated objectives, assuring investors that the capital raised is deployed precisely as per the original plan.