Moksh Ornaments Ltd., a Mumbai-based jewellery manufacturer and exporter, has informed the National Stock Exchange of India Ltd. that the Statement of Deviation(s) or Variation(s) in the use of Public Issue Proceeds is not applicable for the quarter ended March 31, 2026. The disclosure was submitted on May 11, 2026, in compliance with the applicable regulatory framework.

Regulatory Compliance Under SEBI Regulation 32

The communication was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to disclose any deviations or variations in the utilisation of funds raised through public issues. Moksh Ornaments confirmed that no such deviation or variation has occurred in the use of proceeds raised from its Initial Public Offering (IPO).

The key details of the disclosure are summarised below:

No Variation in IPO Proceeds Utilisation

The company explicitly confirmed that the funds raised through its IPO have been utilised in accordance with the stated objectives, with no deviations or variations reported for the quarter ended March 31, 2026. Consequently, the filing of a formal Statement of Deviation(s) or Variation(s) is not required for this period. The disclosure was addressed to the Listing Department of the National Stock Exchange of India Ltd. and signed by Mr. Amrit Shah, Managing Director, on behalf of Moksh Ornaments Ltd.

Moksh Ornaments Limited has issued a Postal Ballot Notice dated April 29, 2026, inviting its shareholders to vote on two special resolutions concerning the company's borrowing powers and the creation of security on its assets. The notice has been filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with Sections 108 and 110 of the Companies Act, 2013, along with applicable Ministry of Corporate Affairs (MCA) circulars.

Special Resolutions Proposed

The company is seeking member approval for two distinct special resolutions, both of which require shareholder consent by way of a special resolution under the Companies Act, 2013. The following table summarises the resolutions proposed:

Borrowing Limits and Charge Creation

Under Item No. 1, the Board of Directors is being authorised to borrow monies — through fund-based and/or non-fund-based facilities, whether secured or unsecured — such that the aggregate outstanding borrowings at any point of time shall not exceed ₹500 Crores (Rupees Five Hundred Crores only). This limit is proposed in supersession of all earlier resolutions passed in this regard.

Under Item No. 2, the Board is being authorised to create security — including mortgage, charge, hypothecation, pledge, or lien — on the movable and/or immovable properties, tangible and/or intangible assets of the company, present and future, to secure borrowings not exceeding ₹500 Crores (Rupees Five Hundred Crores only) at any point of time. The Board of Directors recommends both special resolutions for approval by the members, and none of the Directors or Key Managerial Personnel of the company or their relatives is stated to be concerned or interested, financially or otherwise, in these resolutions.

E-Voting Schedule and Key Dates

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The key dates for the postal ballot process are as follows:

Voting rights will be reckoned in proportion to the number of shares registered in the name of the member as on the cut-off date of Friday, May 01, 2026. Members holding shares in either physical or dematerialised form as on this date are eligible to cast their votes electronically via the NSDL e-voting platform at www.evoting.nsdl.com .

Process and Result Declaration

The notice has been dispatched electronically to members whose email addresses are registered with the company, its Registrar and Share Transfer Agent (Bigshare Services Pvt Ltd), or with the depositories as on the cut-off date. Members who have not yet registered their email addresses are requested to do so by contacting the company at cs@mokshornaments.com or the RTA. The Scrutinizer, upon completion of scrutiny, will submit a report to the Chairperson of the company. The results of the postal ballot, along with the Scrutinizer's report, will be declared on or before Monday, June 08, 2026, at the company's registered office, and will also be published on the company's website at www.mokshornaments.com and communicated to the National Stock Exchange of India Limited. The resolutions, if passed by the requisite majority, shall be deemed to have been passed on Friday, June 05, 2026, being the last date specified for e-voting.