P N Gadgil Jewellers Limited — Others, 12-08-2025: Monitoring Agency Report

P N Gadgil Jewellers' Monitoring Agency Report confirms the company's diligent utilization of IPO proceeds. Out of the INR 850.00 Cr gross proceeds, INR 835.06 Cr has been utilized, with INR 14.94 Cr remaining unutilized and held in designated accounts. Funds were primarily allocated to setting up new stores (INR 392.38 Cr), repaying borrowings (INR 300.00 Cr), and general corporate purposes (INR 107.19 Cr). The report highlights no deviation from the stated objects, reinforcing transparency and efficient capital deployment. This update provides positive assurance to investors regarding fund utilization.