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Rishabh Instruments reports fund utilization deviation for Rs 750 million public issue
14-Aug-2026, 06:01
Rishabh Instruments Limited informed the National Stock Exchange of India Limited and BSE Limited that it has a deviation in the utilization of funds raised through its public issue dated September 11, 2023, amounting to Rs 750.00 million, for the quarter ended June 30, 2026, which was approved by shareholders on September 13, 2024; the company utilized Rs 269.78 million towards the expansion of Nashik Manufacturing Facility I, against the originally allocated Rs 621.80 million, and Rs 267.41 million towards the expansion of Nashik Manufacturing Facility II, against the originally allocated Rs 300.00 million.
Rishabh Instruments Limited informed the National Stock Exchange of India Limited and BSE Limited that it has a deviation in the utilization of funds raised through its public issue dated September 11, 2023, amounting to Rs 750.00 million, for the quarter ended June 30, 2026, which was approved by shareholders on September 13, 2024; the company utilized Rs 269.78 million towards the expansion of Nashik Manufacturing Facility I, against the originally allocated Rs 621.80 million, and Rs 267.41 million towards the expansion of Nashik Manufacturing Facility II, against the originally allocated Rs 300.00 million.