Laxmi Organic Industries Limited — Others, 28-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Laxmi Organic Industries has confirmed no deviation in the utilization of its Qualified Institutional Placement (QIP) proceeds for the quarter ended June 30, 2025. The company reported that the Rs 259.12 crore raised via QIP on October 10, 2023, has been used exactly for the stated purposes. These include funding capital expenditure for a new innovation centre at Mahape, a new manufacturing facility at Dahej, and general corporate purposes. This transparency assures investors that the funds are deployed as planned.