Pondy Oxides & Chemicals Limited — Others, 23-07-2025: Monitoring Agency Report

Pondy Oxides and Chemicals Limited's monitoring agency report for the quarter ended June 30 confirms the utilization of its preferential issue proceeds. The company raised Rs. 132.50 crore via equity shares and warrants. Proceeds from equity shares (Rs. 50 crore) are fully deployed for fixed assets, working capital, and general corporate purposes. From the warrant proceeds received (Rs. 74.42 crore so far), Rs. 62.42 crore has been utilized for similar objectives. The unutilized Rs. 12.00 crore from warrants is currently invested in a Kotak Overnight Fund and an Invesco India Midcap Fund. The report indicates no deviation from the stated utilization objects, assuring transparency in capital allocation.