Laxmi Organic Industries Ltd

Pursuant to Regulation 32 of SEBI LODR 2015 we hereby confirm that there been no deviation in the utilization of IPO proceeds from the objects stated in the prospectus dated March 18 2021. In this regard please see enclosed Monitoring Agency Report issued by Axis Bank Limited (Monitoring Agent) for the quarter ended June 30 2023.We request you to take the above on record.