Rishabh Instruments (RISHABH) — deviation variation

📢 Key Event
Rishabh Instruments reports fund utilization deviation under SEBI Regulation 32

🔄 What Changed
₹269.78 million used for Nashik expansion I versus ₹621.80 million allocated; ₹31.53 million spent on Nashik expansion II versus ₹300 million planned; ₹77.20 million utilized for general corporate purposes versus ₹79.20 million earmarked

💡 Investor Takeaway
Shareholders must monitor how remaining funds are deployed as project scopes shift without new capital raises

Rishabh Instruments disclosed a deviation in fund utilization for the quarter ended June 30, 2026, reporting that only ₹269.78 million of the ₹621.80 million allocated to expand the Nashik manufacturing facility was used, while ₹31.53 million of a ₹300 million planned expansion was spent and ₹77.20 million of ₹79.20 million earmarked for general corporate purposes was utilized. The deviation stems from modified project scopes approved by shareholders on September 13, 2024, with no audit committee or auditor comments provided.

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About Rishabh Instruments Limited (RISHABH)

Capital Goods · Capital Goods - Electrical Equipment · Listed on NSE

Market Cap: ₹2,729.87 Cr P/E: 33.6 ROE: 11.0% ROCE: 13.9% Div Yield: 0.28%

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"When will the remaining Nashik expansion funds be deployed?" "What is the revised timeline for completing expansion II?" "How will general corporate spending priorities change?"

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🔥 Also filed on 14 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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