Laxmi Organic Industries Limited has submitted the Monitoring Agency Report with respect to IPO for the quarter ended March 31, 2026.

Laxmi Organic Industries has submitted its quarterly monitoring agency report for the quarter ended March 2026. Axis Bank, acting as the Monitoring Agent, has confirmed there is NO deviation in how the company is using the IPO proceeds raised in March 2021. The IPO raised Rs 8,000 million total (Rs 5,000 million fresh issue). Out of the Rs 5,000 million raised, Rs 4,843.78 million is net proceeds after offer expenses. Of this, Rs 4,754.72 million has been utilized across all 8 objects including investment in subsidiary YFCPL (Rs 981.45 million), SI Manufacturing Facility expansion (Rs 1,036.28 million), repayment of borrowings (Rs 1,729.25 million), and general corporate purposes (Rs 745.02 million). Only Rs 245.28 million remains unutilized (YFCPL working capital investment). There were minor internal reallocations due to lower-than-estimated IPO costs and loan repayment, but these were within permissible limits as per the prospectus. No delays were reported in any project implementation.