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Laxmi Organic Industries Ltd. ( (IN:LXCHEM) ) has shared an update.
Laxmi Organic Industries Ltd. has announced that there has been no deviation in the utilization of IPO proceeds from the objectives stated in their March 2021 prospectus. This confirmation, detailed in a report by Axis Bank Limited, underscores the company’s commitment to transparency and proper fund allocation, potentially strengthening stakeholder confidence and reinforcing its market position.
More about Laxmi Organic Industries Ltd.
Laxmi Organic Industries Ltd. operates in the specialty chemicals industry, focusing on the production of acetyl intermediates and specialty intermediates. The company is known for its diverse product offerings and serves a wide range of sectors including pharmaceuticals, agrochemicals, and dyes.
Average Trading Volume: 55,146
Technical Sentiment Signal: Sell
Current Market Cap: 56.99B INR
See more data about LXCHEM stock on TipRanks’ Stock Analysis page.