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

Pondy Oxides and Chemicals (POCL) has released its Qualified Institutional Placement (QIP) monitoring report for the quarter ended June 30, 2025. The company raised Rs. 174.99 Cr through the QIP. Of the net proceeds, Rs. 81.50 Cr was utilized for working capital and Rs. 37.71 Cr for general corporate purposes, both now fully spent. For capital expenditure on a new recycling and processing unit, Rs. 20.42 Cr has been utilized, with Rs. 4.84 Cr spent this quarter. The remaining unutilized QIP funds of Rs. 29.33 Cr are primarily invested in a liquid mutual fund. The report confirms no deviation from the QIP's stated objectives.