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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kalyani Cast-Tech Ltd has submitted its quarterly statement confirming there is no deviation or variation in the use of funds raised through its IPO in November 2024. The company raised Rs. 30.11 crores (Rs. 30,10,74,000) and has utilized the proceeds as originally planned across three categories: Working Capital (Rs. 2,375 lakhs), General Corporate Purpose (Rs. 289.22 lakhs), and Offer Related Expenses (Rs. 346.22 lakhs out of Rs. 346.52 lakhs allocated). The Audit Committee has given favorable comments on the fund utilization, and no monitoring agency was appointed for this issue.
This is a routine compliance filing confirming the company has used its IPO proceeds exactly as promised to investors. For shareholders, this signals good governance and discipline in deployment of funds, though it has no direct impact on the stock price as no deviation was reported.