J.G. Chemicals IPO Proceeds Utilization Confirmed by ICRA

J.G. Chemicals Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by ICRA Limited. The report confirms that the utilization of proceeds from the company's Initial Public Offer (IPO) is in line with the stated objects of the issue, with no deviation observed. The report covers the utilization of gross proceeds of INR 165.000 crore. ICRA Limited, acting as the Monitoring Agency, has declared that the utilization aligns with the objects as per SEBI regulations. This disclosure is also hosted on the company's website.