ALPHA TRIBE

Motisons Jewellers LimitedOthers, 05-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

05-08-2025 | 03:54 pm

Motisons Jewellers has affirmed that there is no deviation in how it is utilizing the 170 Cr raised from its Preferential Issue. The company confirmed that funds are being deployed strictly for the purposes originally stated and approved by shareholders. Specifically, 0.11 Cr has been used for issue expenses, 13.00 Cr for repaying unsecured loans, and 29.39 Cr for working capital requirements. No funds have been utilized for general corporate purposes yet. This update assures investors that the company is adhering to its financial commitments and plans.

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