Submission of Utilization Certificate receiver from Statutory Auditor certifying utilization of money raised through public issue.
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Krupalu Metals Ltd has submitted a statutory auditor's certificate confirming proper utilization of IPO proceeds for the half year and year ended March 31, 2026. The company raised Rs. 1,347.84 Lakhs through its public issue of 18,72,000 equity shares (at Rs. 10 face value with Rs. 62 premium), which got listed on BSE's SME platform on September 16, 2025. The auditor verified utilization across four categories: Capital Expenditure for machinery (Rs. 501.05 Lakhs fully utilized), Working Capital Requirements (Rs. 570.46 Lakhs fully utilized), General Corporate Purpose (Rs. 110 Lakhs fully utilized), and Issue Related Expenses (Rs. 129.11 Lakhs actual vs Rs. 149.33 Lakhs estimated, with Rs. 20.22 Lakhs saved). The statutory auditor issued an unmodified opinion confirming the statement matches the audited financial statements and books of account.
This is a positive compliance filing showing all IPO funds have been deployed as stated in the offer document with no deviations. The Rs. 20.22 Lakhs underspend on issue expenses marginally benefits the company. Shareholders can be reassured that capital raised has been properly deployed for stated objectives.