Regulatory7 May 2026, 03:25 pm
Kasturi Metal Composite: No Deviation in IPO Fund Utilization
AI Summary
Kasturi Metal Composite Ltd reports no deviation in the utilization of funds raised through its IPO for the half-year and year ended March 31, 2026. The IPO, which raised ₹1761.28 Lakhs, was reviewed by the Audit Committee on April 30, 2026. The committee confirmed that funds are being utilized as per the objects stated in the Prospectus. The report, filed under Regulation 32 of SEBI (LODR) Regulations, 2015, includes details of original and modified objects, allocations, and utilization.
Key Highlights
- Kasturi Metal Composite reports no deviation in IPO fund utilization for the period ended March 31, 2026.
- IPO raised ₹1761.28 Lakhs and was reviewed by the Audit Committee on April 30, 2026.
- Funds are being utilized as per the objects stated in the Prospectus.
- ₹741.71 Lakhs utilized for Capital Expenditure Purpose and ₹359.41 Lakhs for General Corporate Purpose.
- Utilization for General Corporate Purpose includes ₹174.98 Lakhs for Issue Expenses.
Price Impact
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