Intimation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Report relating to IPO
LXCHEM · price
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Laxmi Organic Industries has submitted its quarterly monitoring agency report for Q4 FY26 (ended March 31, 2026) filed by Axis Bank Limited. The report confirms there has been no deviation in the utilization of IPO proceeds from the objects stated in the prospectus dated March 18, 2021. The company raised Rs. 8,000 million in its IPO (March 2021) comprising Rs. 5,000 million fresh issue and Rs. 3,000 million offer for sale. Net proceeds of Rs. 4,843.78 million have been deployed across 8 objects including investments in YFCPL (subsidiary), expansion of SI Manufacturing Facility at Mahad, repayment of borrowings, and general corporate purposes. Total utilization stands at Rs. 4,754.72 million with Rs. 245.28 million remaining unutilized (for YFCPL working capital funding). No delays or material deviations were reported.
Positive signal for investors — the IPO proceeds are being utilized as promised with 100% alignment to disclosed objects and no delays. The remaining unutilized Rs. 245.28 million is held for YFCPL working capital requirements, which appears to be an ongoing funding arrangement.