We wish to inform you that there is no deviation or variation of the fund raised through IPO during the half year ended 31st March, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KVS Castings Limited has filed a compliance statement confirming there is NO deviation or variation in the utilisation of IPO proceeds as on March 31, 2026. The company raised ₹27.83 crore (₹278.32 million) through its IPO which closed on October 1, 2025, with equity shares listed on the BSE SME platform on October 6, 2025. Of the total proceeds, ₹17.40 crore has been utilised for capital expenditure and ₹2.82 crore for general corporate purposes, totalling ₹20.22 crore used. The remaining ₹3.52 crore (12.6% of the total) is parked in a current account with Yes Bank in Kashipur, Uttarakhand. The statement has been reviewed by the Audit Committee and taken on record by the Board on May 30, 2026.
No deviation means the company is using IPO funds as per the disclosed objects — a neutral to slightly positive signal. However, 12.6% of funds remain unutilised after six months, which investors may monitor for deployment pace.