Kasturi Metal Composite: IPO Fund Utilization Statement Filed

Kasturi Metal Composite Limited has filed its Statement of Deviation or Variation in Utilization of Funds raised through its Initial Public Offering (IPO). The report covers the half-year ended September 30, 2026. The company raised ₹1761.28 Lakhs (₹17.61 Crore) through the IPO. The Audit Committee reviewed the statement and noted that funds are being utilized as per the objects stated in the Prospectus. There was no deviation or variation reported in the use of funds.