Regulatory22 May 2026, 03:30 pm
Laxmi Organic: No QIP Proceeds Deviation as of March 2026
AI Summary
Laxmi Organic Industries Ltd. submitted a Monitoring Agency Report for the quarter ended March 31, 2026, confirming no deviation in the utilization of QIP proceeds from the objects stated in the placement document dated October 10, 2023. The report, issued by India Ratings & Research Private Limited, is in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 173A (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Highlights
- Laxmi Organic confirms no deviation in QIP proceeds utilization.
- Monitoring Agency Report issued by India Ratings & Research.
- Report covers the quarter ended March 31, 2026.
- Compliance with SEBI regulations ensured.
Price Impact
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