Laxmi Organic Industries Limited — Others, 28-07-2025: Monitoring Agency Report

Laxmi Organic Industries confirms its IPO proceeds utilization for the quarter ended June 30, 2025, reporting no deviation from the original prospectus. An Independent Monitoring Agency Report from Axis Bank certified 0% deviation, assuring that funds are used for their intended purposes. Of the 500 Cr fresh issue, 475.47 Cr has been utilized across various objectives including capital expenditure, working capital, and loan repayment. The remaining unutilized funds of 24.53 Cr are currently held in fixed deposits, primarily earmarked for YFCPL's working capital requirements. This update assures investors of financial discipline.