J.G. Chemicals Limited Files Q3 FY26 Monitoring Agency Report with Stock Exchanges

J.G. Chemicals Limited has filed its quarterly monitoring agency report for Q3 FY26 with the National Stock Exchange and BSE Limited, fulfilling regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Monitoring Agency Report Overview ICRA Limited, serving as the monitoring agency, prepared the report dated February 10, 2026, covering the quarter and nine months ended December 31, 2025. The report confirms that the utilization of IPO proceeds remains aligned with the objects outlined in the company's prospectus, with no material deviations observed. Parameter: Details Monitoring Agency: ICRA Limited Report Period: Quarter ended December 31, 2025 Issue Size: INR 251.190 crore (total) Net Proceeds: INR 149.324 crore Fresh Issue Portion: INR 165.000 crore IPO Proceeds Utilization Status The specialty chemicals manufacturer's IPO, which opened on March 05, 2024, and closed on March 07, 2024, raised INR 165.000 crore through fresh issue of equity shares. As of December 31, 2025, the company has utilized INR 126.362 crore of the total proceeds, leaving INR 38.638 crore unutilized. Object: Proposed Amount (INR Crore) Utilized Amount (INR Crore) Unutilized Amount (INR Crore) Investment in BDJ Oxides - Debt Repayment: 25.000 25.000 Nil R&D Centre Setup: 6.058 1.332 4.726 Working Capital - Subsidiary: 60.000 40.000 20.000 Working Capital - Company: 35.000 21.490 13.510 General Corporate Purposes: 23.266 23.266 Nil Fund Deployment and Management The unutilized proceeds of INR 38.938 crore have been deployed in fixed deposits with HDFC Bank and Kotak Mahindra Bank, earning returns ranging from 4.25% to 7.10%. The total market value of these investments, including accrued interest, stands at INR 40.005 crore as of December 31, 2025. The monitoring agency noted that while fund utilization remains compliant with prospectus objectives, actual spending for the R&D Centre setup does not correspond with originally proposed vendor specifications. However, ICRA acknowledged the company's flexibility to deploy equipment and machinery according to business requirements as stated in the offer document. Regulatory Compliance and Timeline All major objects remain on schedule according to the original timeline outlined in the prospectus. The debt repayment for material subsidiary BDJ Oxides Pvt. Ltd. has been completed, while other objects including working capital funding and R&D Centre establishment are progressing as planned through FY26-FY27. The company utilized INR 23.266 crore for general corporate purposes, specifically for procurement of new land for a manufacturing unit during Q1 FY26. Issue-related expenses of INR 15.274 crore have been substantially completed, with only INR 0.402 crore remaining unutilized from the allocated INR 15.676 crore. J.G.Chemicals Limited has announced the approval of its Q3FY26 quarterly financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the unaudited standalone and consolidated financial results during their meeting held on February 14, 2026. Board Meeting and Regulatory Compliance The company's Board of Directors meeting was conducted on Saturday, February 14, 2026, commencing at 12:30 PM and concluding at 01:15 PM. The meeting addressed key regulatory requirements under SEBI regulations. Meeting Details: Information Date: February 14, 2026 Duration: 12:30 PM to 01:15 PM Chairman: Anirudh Jhunjhunwala, CEO & Managing Director Regulatory Framework: SEBI (LODR) Regulations 2015 Financial Results Approval The Board considered and approved the standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. The statutory auditors provided limited review reports for both standalone and consolidated results as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Auditor Review and Compliance S. Jaykishan Chartered Accountants conducted the independent auditor's review of both standalone and consolidated financial results. The review was performed in accordance with Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India. Audit Details: Information Auditing Firm: S. Jaykishan Chartered Accountants Partner: CA Ritesh Agarwal Review Standard: SRE 2410 Review Date: February 14, 2026 Publication and Disclosure Requirements In compliance with Regulation 47 of SEBI (LODR) Regulations 2015, the company will publish extracts of the unaudited financial results in newspapers. The complete financial results will be available on stock exchange websites including NSE ( www.nseindia.com ) and BSE ( www.bseindia.com ), as well as the company's official website at www.jgchem.com . Company Information Corporate Details: Information NSE Code: JGCHEM BSE Code: 544138 CIN: L24100WB2001PLC093380 Primary Business: Manufacturing of "LUXMI" Brand Zinc Oxide Certifications: ISO 9001, 14001, 45001 Registered Office: Adventz Infinity@5, Salt Lake City, Kolkata The consolidated results include the financial performance of the company's subsidiary, BDJ Oxides Private Limited. Both standalone and consolidated results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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