Business Update14 May 2026, 08:31 pm
J.G.Chemicals: ₹42.62 Mn IPO Proceeds Unutilized in FY26
AI Summary
J.G.Chemicals Ltd's monitoring agency report for the quarter ended March 31, 2026, reveals that ₹42.62 million from the IPO proceeds remains unutilized. These funds were earmarked for capital expenditure related to setting up an R&D Centre. The company plans to deploy the unspent amount in Fiscal Year 2027, subject to shareholder approval. ICRA Limited served as the Monitoring Agency for the IPO, and their report indicates no deviation from the original objectives of the issue.
Key Highlights
- ₹42.62 million from J.G.Chemicals' IPO proceeds remains unutilized as of March 31, 2026.
- Unutilized funds are intended for capital expenditure on an R&D Centre.
- The company plans to deploy the unspent amount in Fiscal Year 2027, pending shareholder approval.
- ICRA Limited's monitoring report indicates no deviation from the IPO's original objectives.
Price Impact
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