Key Quantitative Figures
- IPO Proceeds Raised: ₹49.00 crore (Rs. 4900.00 lacs)
- Amount Utilized as of September 30, 2026: ₹44.30 crore (Rs. 4430.00 lacs)
- Unutilized Amount as of September 30, 2026: ₹4.70 crore (Rs. 470.00 lacs)
- Proposed Timeline for Utilization of Unutilized Funds: By March 2027
Objects of the Issue
The net proceeds from the IPO were intended for:
- Meeting working capital requirements
- Funding capital expenditure for Civil construction and electrification
- Funding capital expenditure for purchase of Plant and Machinery
- General corporate purposes
Details of Deviation/Variation
The company explicitly states there is no deviation or variation in the use of proceeds from the objects stated in the Red Herring Prospectus dated August 26, 2025.
Governance Review
- Audit Committee Comments: Satisfactory, as no deviation/variation was found.
- Board of Directors Comments: Satisfactory, as no deviation/variation was found.
Status of Monitoring
The company has appointed a Monitoring Agency for the IPO proceeds. The reports from this agency to date have indicated no deviations.
Confirmation
The listed entity confirms that there has been no deviation(s)/variation(s) in the use of proceeds from the objects stated in the offer document/prospectus.
#Tags: #KalyaniCastTech #SEBIDisclosure #Regulation32 #IPO #Compliance #Neutral