Laxmi Organic Industries Limited — Others, 07-08-2025: Monitoring Agency Report

Laxmi Organic Industries has confirmed that funds from its Qualified Institutional Placement (QIP) are being utilized strictly as per the initial objectives stated in the placement document. The company's monitoring agent, India Ratings & Research, has issued a report for the quarter ended June 30, 2025, confirming no deviation in the use of these proceeds. This transparency helps assure shareholders that the capital raised is being deployed as planned, which is crucial for operational integrity and investor confidence.