BlueStone IPO Proceeds Utilized as Per Plan, No Deviation

BlueStone Jewellery and Lifestyle Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by CARE Ratings Limited, confirms the utilization of proceeds from the company's Public Issue (IPO) of ₹820.00 crore. The IPO, which took place from August 11 to August 13, 2025, has shown "Nil" deviation from the objects disclosed in the offer document. This indicates that the funds raised through the issuance of equity shares have been used as per the company's stated intentions, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.