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Rishabh Instruments reports deviation in fund utilization for Nashik manufacturing facility expansion
13-Nov-2026, 06:39

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 September 30, 2026, which was approved by shareholders on September 13, 2024; the original allocation of Rs 621.80 million for the expansion of the Nashik Manufacturing Facility I was modified to Rs 321.80 million, with Rs 305.89 million utilized, while Rs 300.00 million originally allocated to the expansion of Nashik Manufacturing Facility II was modified and Rs 296.41 million was utilized.