Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Laxmi Organic Industries has confirmed that there has been no deviation in the utilization of IPO Proceeds from the objects stated in the prospectus dated March 18, 2021. In this regard, the Company has enclosed Monitoring Agency Report issued by Axis Bank (Monitoring Agent) for the quarter ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.