Business Update30 May 2026, 05:30 pm
KVS Castings: No Deviation in IPO Funds till March 2026
AI Summary
KVS Castings Ltd reports no deviation or variation in the utilization of funds raised through its IPO for the half-year ended March 31, 2026. The IPO, which raised ₹278,320,000 in October 2025, is being utilized as per the approved offer document. Unutilized funds of ₹351.65 Lakhs are parked in a current account with Yes Bank. The Audit Committee and Board have reviewed and approved the statement.
Key Highlights
- KVS Castings confirms no deviation in IPO fund utilization for H1 FY26.
- IPO raised ₹278,320,000 in October 2025 via fresh issue of shares.
- Unutilized IPO proceeds of ₹351.65 Lakhs are held in Yes Bank.
- Audit Committee and Board reviewed and approved the statement.
- Proceeds are being utilized in line with approved objects.
Price Impact
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