Pondy Oxides & Chemicals Limited — Others, 14-05-2025: Monitoring Agency Report

Pondy Oxides and Chemicals Limited has announced that Rs. 140.82 Cr of the Rs. 169 Cr raised via QIP has been deployed toward working capital, ongoing capital expenditure for a recycling and processing unit in Thiruvallur (Rs. 15.58 Cr), general corporate purposes, and issue expenses. Remaining unutilized funds of Rs. 34.17 Cr are invested mainly in liquid mutual funds. There have been no deviations from the intended use of proceeds or delays, indicating disciplined capital management supporting growth and operational liquidity.