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

Laxmi Organic Industries Ltd. confirmed that there has been no deviation in the utilization of its Initial Public Offer (IPO) proceeds. The company raised net proceeds of Rs. 484.38 Cr from its IPO. While there were minor adjustments, such as savings in issue expenses and a lower loan repayment amount, these funds were reallocated to general corporate purposes, which is permitted under the original prospectus terms. This update assures shareholders that the company is consistently deploying IPO funds as initially outlined, reinforcing transparency in financial operations.