Chemkart India Ltd — Important, 18-05-2026: Company Update

Chemkart India has confirmed the proper utilization of its Initial Public Offer (IPO) funds for the half-year ended March 31, 2026, reporting no deviations from its original plan. The company raised 64.48 Cr, with 54.68 Cr as net proceeds. Funds were primarily for capital expenditure in its subsidiary (Easy Raw Materials Private Limited), repaying borrowings, and general corporate purposes. Both the Audit Committee and auditors have verified that all funds were deployed exactly as outlined in the IPO prospectus, providing clarity to investors on fund management.