Prasol Chemicals: No IPO Proceeds Deviation in Q2 FY27

Prasol Chemicals Ltd has confirmed no deviation or variation in the utilization of its Initial Public Offering (IPO) proceeds for the quarter ended September 30, 2026. The company stated that the funds raised through the IPO, which amounted to ₹800 Million (₹80 Crore), have been utilized strictly in accordance with the objects outlined in the prospectus dated September 10, 2026. This statement is made pursuant to regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this intimation on its website, www.prasolchem.com.