IPO funds used as planned; Rs 0.36 lakh remains unutilised
DHANLAXMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Dhanlaxmi Crop Science reported no deviation from the stated use of IPO proceeds for the half year ended 30 September 2026. Of Rs 2,380.40 lakh raised, Rs 2,380.04 lakh was used: Rs 2,005.41 lakh for working capital, Rs 224.63 lakh for issue expenses and Rs 150 lakh for general corporate purposes. The remaining Rs 0.36 lakh is in an ICICI Bank escrow account. The audit committee and auditors made no comments.
Neutral for shareholders: proceeds were used according to the stated plan and nearly all funds were deployed, with only Rs 0.36 lakh remaining.