J.G.Chemicals Limited — Others, 13-08-2025: Monitoring Agency Report

J.G. Chemicals' monitoring report on IPO proceeds utilization for the quarter ended June 30, 2025, shows no material deviation from the issue's stated objects. While funds are aligned with objectives, capital expenditure for the R&D Centre, though partially advanced for machinery, did not match original vendor specifications, and civil construction work is yet to commence. The company has acquired land in Gujarat for the R&D Centre. Out of 165.00 Cr IPO proceeds monitored, 114.63 Cr has been utilized. The remaining 50.37 Cr unutilized funds are primarily held in Fixed Deposits. Funds for general corporate purposes, totaling 23.27 Cr, have been fully used to procure new land for a manufacturing unit.