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Moksh Ornaments Confirms No Deviation in Use of IPO Proceeds

Story Highlights
  • Moksh Ornaments confirms that IPO funds have been used exactly as originally stated.
  • With no deviation in IPO proceeds use, formal SEBI Regulation 32 deviation reporting is not required.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Moksh Ornaments Confirms No Deviation in Use of IPO Proceeds

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The latest update is out from Moksh Ornaments Ltd. ( (IN:MOKSH) ).

Moksh Ornaments Ltd. has notified the stock exchange that there has been no deviation or variation in the use of proceeds raised from its initial public offering. The company stated that the funds have been deployed in line with the stated objectives, making a formal statement of deviation under Regulation 32 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015 not applicable.

More about Moksh Ornaments Ltd.

Moksh Ornaments Ltd. is a Mumbai-based jewellery manufacturer and exporter specializing in Kolkata bangles. The company operates in the gems and jewellery industry and is listed on the National Stock Exchange of India under the symbol MOKSH, focusing on both domestic and export markets for its bangle products.

Average Trading Volume: 397,303

Technical Sentiment Signal: Sell

Current Market Cap: 1.15B INR

See more data about MOKSH stock on TipRanks’ Stock Analysis page.

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