Laxmi Organic Industries Limited has successfully maintained complete compliance with its IPO proceeds utilization plan, reporting zero deviation for the quarter ended December 31, 2025. The chemical industry company filed its monitoring agency report under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming adherence to all objects stated in its March 18, 2021 prospectus.

Monitoring Agency Confirms Zero Deviation

Axis Bank Limited, serving as the monitoring agent, issued a comprehensive report validating the company's IPO proceeds deployment. The monitoring agency confirmed no deviation from the original objects and reported a 0% deviation range across all categories.

IPO Proceeds Structure and Utilization

The company's March 2021 IPO raised ₹5,000.00 million through fresh issue, with net proceeds of ₹4,843.78 million after deducting offer expenses of ₹156.22 million. The original offer expenses estimate showed savings of ₹43.58 million, which was allocated to general corporate purposes.

Strategic Deployment Across Multiple Objects

The proceeds utilization spans eight key areas, with significant allocations toward debt repayment (₹1,729.25 million) and facility expansion (₹910.63 million). The company has completed utilization for most objects, with only the YFCPL working capital investment showing partial deployment.

Key facility locations include:

• Lote, Maharashtra: YFCPL capital expenditure and working capital projects
• Mahad, Maharashtra: SI Manufacturing Facility expansion and infrastructure development

Unutilized Funds Management

The remaining ₹245.27 million in unutilized proceeds has been prudently deployed in fixed deposits to ensure capital preservation while generating returns.

Compliance and Governance Excellence

The monitoring report highlights the company's strong governance framework, with all certifications provided by chartered accountants and no unfavorable events affecting object viability. The company has obtained all necessary government and statutory approvals for its projects, demonstrating comprehensive regulatory compliance.

This zero-deviation report reinforces Laxmi Organic Industries' commitment to transparent capital deployment and adherence to investor commitments made during its public offering. The systematic utilization of IPO proceeds across strategic growth initiatives positions the company well for its expansion objectives in the chemical industry.

Laxmi Organic Industries Limited has announced its earnings conference call to discuss the operational and financial performance for the third quarter of fiscal year 2026. The company issued a formal intimation to stock exchanges on January 20, 2026, regarding the scheduled investor and analyst meet.

Conference Call Details

The earnings conference call is scheduled for Friday, January 30, 2026, at 2:00 PM IST (14:00 hours). The call will focus on discussing financial results for the quarter and nine months ended December 31, 2025. This announcement was made pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Access Information

The company has provided comprehensive dial-in details for participants to join the earnings call. Multiple access options are available to accommodate both domestic and international participants.

Key Participants

The earnings conference call will be led by senior management representatives who will present the company's performance and address participant queries:

• Dr. Rajan Venkatesh – Managing Director & Chief Executive Officer
• Mr. Mahadeo Karnik – Chief Financial Officer

Registration and Contact Information

Participants are encouraged to pre-register for the call through the registration link provided by the company. For additional queries and RSVP, participants can contact the designated representatives from Strategic Growth Advisors Pvt. Ltd.:

• Mr. Sagar Shroff: +91 98205 19303
• Mr. Tanay Shah: +91 98333 91899

The company secretary and compliance officer, Aniket Hirpara, signed the official communication digitally on January 20, 2026, ensuring compliance with regulatory requirements for investor communication.