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August 14, 2026
To, To,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, Plot No. C/1, G Block, Bandra- Phiroze Jeejeebhoy Towers,
Kurla Complex, Bandra (East), Mumbai – 21st Floor, Dalal Street,
400051 Mumbai – 400001
NSE Symbol: RISHABH BSE Scrip Code: 543977
Dear Sir/Madam,
Sub: Statement on Deviation or Variation of funds under Regulation 32 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please
find enclosed herewith Statement on Deviation/Variation in the utilization of proceeds for the quarter ended
June 30, 2026.
Kindly take the same on your records.
For Rishabh Instruments Limited
Ajinkya Joglekar
Company Secretary and Compliance Officer
ICSI Membership No.: A57272
Annexure A
Statement of Deviation/Variation in Utilization of funds raised
Mode of Fund Raising Public Issue
Date of Raising Funds 11-09-2023
Amount Raised (in Rs. Millions) 750.00
Report filed for Quarter ended 30.06.2026
Monitoring Agency Not applicable
Is there a Deviation / Variation in use of funds Yes
raised
If yes, whether the same is pursuant to change in Yes
terms of a contract or objects, which was approved
by the shareholders
If Yes, Date of shareholder Approval 13.09.2024
Explanation for the Deviation / Variation As mentioned below
Comments of the Audit Committee after review Nil
Comments of the auditors, if any Nil
Objects for which the funds have been raised and where there has been a deviation, in the following table:
Sr. Original Object Modified Original Modified Funds Amount of Remarks,
No. Object, if any Allocation Allocation, Utilized Deviation/Variation if any
(Millions) if any (Millions) for the quarter
(Millions) according to the
applicable object
(Millions)
1 Expansion of Not Applicable 621.80 321.80 269.78 Nil Nil
Nashik
Manufacturing
Facility I
2 - Expansion of - 300.00 267.41 31.53 Nil
Nashik
Manufacturing
Facility II
3 General Not Applicable 79.20 Nil 77.20 Nil Nil
Corporate
Purpose
Deviation or Variation could mean:
1. Deviation in the objects or purposes for which the funds have been raised or
2. Deviation in the amount of funds actually utilized as against what was originally disclosed or
3. Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer etc.