Regulatory28 Oct 2026, 02:03 pm
PNGS Gargi Fashion Jewellery: Deviation in Fund Utilization
AI Summary
PNGS Gargi Fashion Jewellery Limited has filed a Statement of Deviation or Variation under SEBI (LODR) Regulations, 2015 for the quarter and half-year ended September 30, 2026. The company raised ₹1091.25 Lakhs (₹10.91 Crore) on August 26, 2025, through a preferential issue. The funds were primarily intended for marketing and promotional expenses. The report indicates a deviation in the utilization of these funds, with the majority being used for marketing and promotional activities as originally planned. The Audit Committee has reviewed the statement and found no issues.
Key Highlights
- Statement of Deviation/Variation filed for preferential issue funds.
- ₹1091.25 Lakhs (₹10.91 Crore) raised on August 26, 2025.
- Funds primarily for marketing and promotional expenses.
- Audit Committee reviewed and approved the statement.
- No significant deviation reported in fund utilization.
Price Impact
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