J.G. Chemicals Ltd: No Deviation in Utilization of IPO Proceeds as of December 2025

J.G. Chemicals Ltd has submitted the final Monitoring Agency report for the quarter and nine months ended December 31, 2025. The report, prepared by ICRA Limited, indicates no deviation in the utilization of proceeds from the Initial Public Offer (IPO). The company has utilized the funds in line with the objects of the issue. The monitoring agency report does not constitute a commentary on the quality of the objects of the issue or assurance on the outcome of spending. The report also highlights that civil/construction work related to the R&D unit has started and machinery towards setting up the R & D Centre has been procured.