Insecticides India Ltd has informed BSE about the Statement of Utilisation of funds for the period ended March 31, 2008.

- Funds received from the IPO: Rs 3691.50 Lakhs

Less - Use of funds for Phase I : Rs 1264.51 Lakhs

Less - Use of funds IPO expenses: Rs 394.62 Lakhs

Less - Use of Funds on Phase II situated at J&K: Rs 60.64 Lakhs

Less - Use of Funds on Phase II situated at Gujarat: Rs 93.70 Lakhs

Less - Use in Working Capital: Rs 178.03 Lakhs

Less - Funds invest in the Fixed Deposits with PNB, Minto Road, New Delhi : Rs 700.00 Lakhs

Less - Funds invest in the various scheme of Mutual Funds: Rs 1000.00 Lakhs.