Laxmi Organic Industries Limited — Others, 20-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Laxmi Organic Industries Limited confirms that Rs. 259.12 Cr raised via Qualified Institutional Placement in October 2023 is being utilized as planned. Rs. 36 Cr is allocated for a new innovation centre at Mahape, Rs. 161.97 Cr for manufacturing facilities in Bharuch, Gujarat, Rs. 50.6 Cr for general corporate purposes, and Rs. 10.55 Cr for offer-related expenses. Savings in issue expenses have slightly increased the amount for general corporate use. This disciplined fund deployment supports the company’s growth and operational expansion.