Project Update15 May 2026, 12:35 pm
J.G.Chemicals: ₹42.62 Mn IPO Proceeds Unutilized in FY26
AI Summary
J.G.Chemicals Ltd reports that ₹42.62 million from its IPO proceeds remained unutilized as of March 31, 2026, against the planned deployment for R&D center capital expenditure. The company had utilized ₹131.466 Crores as per the monitoring agency ICRA Limited. The unspent amount is now planned for deployment in Fiscal Year 2027 due to delays in construction and equipment procurement. ICRA's monitoring report confirms no deviation from the original IPO objectives. The objects of the issue remain unchanged.
Key Highlights
- ₹42.62 million from J.G.Chemicals' IPO proceeds remains unutilized as of March 31, 2026.
- Unutilized funds are earmarked for R&D center capital expenditure in Fiscal Year 2027.
- Delay in construction and equipment procurement cited for the extension in IPO proceeds utilization.
- ICRA Limited's monitoring report confirms no deviation from the IPO's original objectives.
- Company has already utilised ₹131.466 Crores in accordance with ICRA's report.