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

Laxmi Organic Industries has confirmed that the utilization of its IPO proceeds of Rs. 4843.78 million net remains on track, supporting key investments in subsidiaries, manufacturing expansion, equipment, and loan repayments. A slight reduction in loan repayment led to an increased allocation for general corporate purposes, maintaining overall planned spending. This disciplined fund management underpins the company’s growth strategy and financial stability, offering confidence to shareholders on effective use of capital.