Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, find enclosed herewith the Statement of Deviation or variation in utilization of funds ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kasturi Metal Composite Ltd has filed its half-yearly statement of fund utilization for the IPO that closed on February 3, 2026. The company raised ₹1761.28 lakhs through its IPO and reports no deviation in the utilization of funds. Capital expenditure has seen ₹741.71 lakhs utilized out of ₹1329.07 lakhs allocated (56% utilized), while general corporate purposes show ₹359.41 lakhs utilized including ₹174.98 lakhs in issue expenses. The Audit Committee reviewed and confirmed funds are being deployed as per the prospectus objects. The remaining capital expenditure funds are expected to be utilized in future periods as planned.
No cause for concern — the company has confirmed proper use of IPO proceeds with no deviations reported. Slower capital expenditure deployment is normal for newly listed companies and does not indicate any financial distress.