AJC Jewel Manufacturers Ltd has officially stated that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The company provided this confirmation for the half-year period ending September 30, 2026, adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been uploaded to the company’s website.
Confirmation of IPO Fund Utilization
AJC Jewel Manufacturers Ltd has submitted a statement confirming that no deviation or variation has occurred in the utilization of funds raised via its Initial Public Offer (IPO). This report covers the half-year period ending September 30, 2026.
Regulatory Compliance
The company’s submission aligns with the requirements of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed statement, attached to the communication, assures stakeholders that the proceeds from the equity share issuance have been utilized as originally planned.
Public Disclosure
In line with transparency mandates, the information regarding the utilization of IPO proceeds has also been made available on the company’s official website, www.ajcjewel.com. This ensures that all relevant parties can access the details of the fund allocation.
Statement Details
The report filed for the half year ended 30-09-2026 indicates that the total funds raised were Rs 15,39,00,000. The detailed breakdown of fund utilization shows that while the original allocated amounts for various purposes such as funding of capital expenditure, repayment of borrowings, general corporate purposes, and issue-related expenses were utilized, the actual funds utilized amounted to 1,501.39 against a total of 1,539.00. However, the statement explicitly notes ‘No’ to the question of deviation or variation in the use of funds raised. The monitoring agency is listed as ‘Not applicable’.
Source: BSE
