Regulatory11 May 2026, 03:00 pm
PNGS Reva: Deviation Statement for Quarter Ended March 31, 2026
AI Summary
PNGS Reva Diamond Jewellery Ltd has filed a statement of deviation or variation under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended March 31, 2026, pertaining to its Initial Public Offer (IPO) of equity shares. The report, reviewed by the Audit Committee, indicates deviations in the utilization of funds raised. The company raised ₹37,951.52 Lakh through public issue on February 27, 2026. CARE Ratings Limited is the monitoring agency. The audit committee approved the report with nil comments from the auditors.
Key Highlights
- PNGS Reva reports deviations in fund utilization post-IPO.
- ₹37,951.52 Lakh was raised through a public issue on February 27, 2026.
- Audit Committee reviewed and approved the deviation report.
- ₹3,969.43 Lakh utilized for setting up new stores, marketing, and general purposes.
- CARE Ratings Limited is the monitoring agency for fund utilization.