International gemmological institute (India) Limited has filed its monitoring agency report for the quarter ended December 31, 2025, demonstrating compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The report, prepared by ICRA Limited as the monitoring agency, confirms that the company's utilization of IPO proceeds remains aligned with the stated objectives.

IPO Proceeds Utilization Status

The monitoring report reveals comprehensive details about the deployment of funds raised through the company's Initial Public Offer conducted in December 2024. The total issue size was INR 4,225.00 crore, with net proceeds of INR 1,409.740 crore excluding issue-related expenses.

Object-wise Fund Deployment

The primary objective of acquiring IGI Belgium Group and IGI Netherlands Group from the promoter has been completed successfully. The company allocated INR 1,300.00 crore for this acquisition, which has been fully utilized during the reporting period.

General Corporate Purpose Utilization

The company has deployed INR 84.740 crore for general corporate purposes across various operational requirements. The detailed breakdown shows strategic allocation across different quarters of 2025.

Key expenditure categories include:

• Payment to vendors: INR 4.670 crore
• Statutory dues payment: INR 72.730 crore
• Salary payments: INR 7.340 crore

Investment of Unutilized Funds

The company has prudently invested the unutilized proceeds in fixed deposits with HDFC Bank Limited, earning returns at 7.55% per annum. The total deployment in fixed deposits amounts to INR 25.00 crore across multiple maturity dates, with an additional INR 6.376 crore maintained in the public issue escrow account.

Regulatory Compliance and Timeline

ICRA Limited's monitoring report confirms no deviation from the original IPO objectives, with all utilization proceeding as per the offer document disclosures. The acquisition of IGI Belgium Group and IGI Netherlands Group was completed by the December 31, 2024 deadline without any delays. The company has obtained necessary regulatory approvals, including RBI approval for fund remittance.

The report also notes that the company has received approval from the Regional Director to shift its financial year from calendar year to April-March cycle, extending the current financial year to 15 months ending March 31, 2026.

International gemmological institute (India) Limited has informed stock exchanges about the formal authorization of its Key Managerial Personnel (KMPs) to determine materiality of events and make necessary disclosures. The notification, dated January 27, 2026, was submitted to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements.

Regulatory Compliance Framework

The authorization falls under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to designate specific personnel responsible for evaluating the materiality of corporate events and ensuring timely disclosures to stock exchanges.

Authorized Key Managerial Personnel

The company has designated two senior executives as authorized KMPs for material event determination and disclosure responsibilities:

Contact and Communication Details

For investor relations and material disclosures, the company has established centralized communication channels. The primary contact point is located at the registered office in Mumbai's Bandra Kurla Complex, with dedicated email communication through investor.relations@igi.org . The contact number 022-40352550 serves as the official communication line for regulatory matters.

Corporate Information

International Gemmological Institute (India) Limited operates as a certification authority in the gems and jewelry sector. The company maintains its registered office at 702, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051. The organization was formerly known as International Gemmological Institute (India) Private Limited before its conversion to a public limited company.

Disclosure and Transparency

The company has committed to making this authorization information available on its official website at www.igi.org , ensuring transparency for stakeholders and investors. This measure aligns with corporate governance best practices and regulatory compliance requirements for listed entities on Indian stock exchanges.