J.G.Chemicals Limited — Others, 17-05-2025: Monitoring Agency Report

J.G. Chemicals Limited has announced a Monitoring Agency report confirming that ₹50.414 Cr of the ₹165 Cr raised through its IPO has been deployed as planned. ₹25 Cr was used to repay borrowings of subsidiary BDJ Oxides Pvt. Ltd., and ₹11 Cr went towards the subsidiary’s long-term working capital. Capital expenditure for the R&D center, the company’s long-term working capital, and corporate purposes remain unutilized but are progressing on schedule. The remaining ₹94.586 Cr is parked in fixed deposits earning 5.5-7.4% interest, ensuring liquidity and safety for shareholders.