Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing obligations and Disclosure Requirements) Regulation, 2015 for the period ended March 31, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swastika Castal Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The company raised Rs 1406.60 lakhs via public issue on July 28, 2025. For the half year ended March 31, 2026, all allocated funds have been utilized as per the prospectus dated July 15, 2025. The breakdown shows Rs 500 lakhs for capital expenditure (plant, machinery, and construction), Rs 550 lakhs for working capital, Rs 159.68 lakhs for general corporate purposes, and Rs 196.92 lakhs for public issue expenses. The Audit Committee reviewed the utilization at their meeting on March 31, 2026, and confirmed no deviations.
Positive signal for shareholders as the company has deployed IPO funds exactly as promised, with full transparency and no deviations from the stated objects in the prospectus.