Kasturi Metal IPO Funds Utilized as Per Prospectus

Kasturi Metal Composite Limited files a mandatory SEBI disclosure confirming no deviation in the utilization of its ₹17.61 crore IPO proceeds.
The company raised funds on February 3, 2026, for capital expenditure and general corporate purposes, with ₹7.42 lakh utilized for capex and ₹3.59 lakh for corporate purposes as of March 31, 2026.
The Audit Committee reviewed and confirmed on April 30, 2026, that funds are being used strictly in accordance with the objects stated in the prospectus.