J.G. Chemicals IPO Proceeds Utilization Report Filed

J.G. Chemicals Ltd has filed its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by ICRA Limited. The report confirms that the utilization of IPO proceeds is in line with the objects of the issue, with no deviation observed. The company's Initial Public Offer (IPO) opened on March 5, 2024, and closed on March 7, 2024, raising ₹251.19 Crore in total. The net proceeds as per the prospectus were ₹149.324 Crore, excluding issue-related expenses. ICRA Limited monitored gross proceeds of ₹165.000 Crore for Q2 FY2027. This disclosure will also be hosted on the company's website.