PNGS Gargi Fashion Jewellery Limited has filed a statement regarding the use of funds raised from a preferential issue in August 2025. The company raised 10.91 Cr for marketing and promotional expenses.

As of the quarter ended June 30, 2026, 6.40 Cr has been utilized towards these expenses.

The company noted a deviation in fund utilization, clarifying that the funds are majorly being used for their intended purpose.

The audit committee has reviewed and approved this report, offering transparency to shareholders on capital deployment.