Laxmi India Finance Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
LAXMIINDIA · price
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Laxmi India Finance Limited has filed its quarterly compliance statement confirming no deviation or variation in the utilization of IPO proceeds for the quarter ended March 31, 2026. The company raised Rs. 165.17 crores through its Initial Public Offer (IPO) on August 1, 2025, with equity shares listed on both BSE and NSE since August 5, 2025. CARE Ratings Limited is appointed as the monitoring agency for the IPO proceeds. Both the Audit Committee and statutory auditors have reviewed the statement and provided nil comments, indicating the funds have been deployed as per the disclosed objects in the prospectus.
The confirmation of no fund utilization deviation is a positive corporate governance signal, indicating the company is deploying IPO proceeds as originally committed. This should reassure existing and prospective shareholders about proper capital deployment and adherence to stated objectives.