Regulatory14 May 2026, 06:51 pm
P N Gadgil Jewellers: Monitoring Agency Report, Mar 2026
AI Summary
P N Gadgil Jewellers Ltd's Monitoring Agency Report for the quarter ended March 31, 2026, issued by ICRA Limited, indicates no material deviation from the objects of the issue. The utilization of issuance proceeds aligns with the stated objectives. Net proceeds stood at ₹799.77 crore as of March 31, 2026, a reduction from the prospectus amount due to increased issue-related expenses.
Key Highlights
- No material deviation observed in the utilization of issue proceeds.
- Net proceeds revised to ₹799.77 crore due to increased issue-related expenses.
- Monitoring Agency (ICRA) confirms no conflict of interest.
- All utilization is as per disclosures in the Offer Document.
Price Impact
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