Laxmi Organic: No Deviation in QIP Proceeds Utilization for Q3 FY27

Laxmi Organic Industries Limited has submitted its Monitoring Agency Report for the quarter ended September 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 management undertakings and a certificate from the statutory auditor, Deloitte Haskins & Sells LLP. The company raised INR 2,591.21 Million through a QIP of 9,625,579 equity shares at ₹269.20 per share.