PNGS Gargi Fashion Jewellery filed a SEBI LODR Regulation 32 statement reporting deviation in use of funds raised via preferential issue.
Company raised ₹1091.25 lakhs in August 2025 but utilized only ₹473.36 lakhs (43.4%) for marketing expenses by March 2026.
Audit Committee reviewed and approved the deviation report with no comments from auditors.
Disclosure confirms deviation pursuant to SEBI circulars without shareholder approval for the variation.