PNGS Reva Diamond Jewellery: IPO Fund Use Deviation for Q2 FY27

PNGS Reva Diamond Jewellery Ltd has filed a Statement of Deviation(s)/Variation(s) for the quarter ended September 30, 2026, concerning its Initial Public Offering (IPO). The company raised ₹37,951.52 Lakhs on February 27, 2026. The filing indicates no deviation or variation in the utilization of funds raised, as reviewed by the Audit Committee. The original objects of the IPO included setting up 15 new brand-exclusive stores, marketing and promotional expenses, and general corporate purposes. The report confirms that the funds raised were utilized according to the stated objectives, with no significant deviations noted.