Laxmi Organic: No Deviation in QIP Proceeds Utilization

Laxmi Organic Industries Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by India Ratings & Research Private Limited. The report confirms that there has been no deviation in the utilization of Qualified Institutions Placement (QIP) proceeds from the objects stated in the placement document dated October 10, 2023. This confirmation is based on the management's undertaking and a certificate from statutory auditors Deloitte Haskins & Sells LLP. The QIP, which raised INR 2,591.21 Million through the issuance of 9,625,579 equity shares, was conducted between October 5-10, 2023.