Rishabh Instruments filed a SEBI Regulation 32 disclosure reporting deviation in utilization of ₹750 million public issue funds.
The company reported partial utilization of ₹245.89 million against ₹321.80 million allocated for Nashik manufacturing expansion.
Shareholders approved the fund utilization change on September 13, 2024, with no comments from audit committee or auditors.
General corporate purpose funds were fully utilized with ₹77.20 million spent against ₹79.20 million allocated.