Swastika Castal Ltd. has submitted its statement on the deviation or variation in the utilization of funds raised through its public issue for the half-year ended September 30, 2026. The company confirms that there have been no deviations or variations in the utilization of net proceeds as per the objects stated in the prospectus dated July 15, 2025. This statement has been reviewed by the Audit Committee and is also available on the company’s website.
No Deviation in Public Issue Fund Utilization Reported
Swastika Castal Ltd. has officially reported its statement on the deviation or variation in the utilization of funds raised through its public issue for the half-year period concluding on September 30, 2026. This disclosure is made in accordance with Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Financial Disclosure
The company explicitly confirms that for the stated half-year, there have been no deviations or variations in the utilization of the net proceeds from the public issue compared to the objects initially detailed in the prospectus dated July 15, 2025. The total amount raised, ₹1406.60 lakhs, has been fully utilized across the defined objectives including Capital Expenditure for acquisition of Plant & Machinery, Working Capital Requirements, General Corporate Purposes, and Public Issue Related Expenses.
Audit and Transparency
This financial statement has undergone a review by the company’s Audit Committee, which found no adverse comments. Furthermore, Swastika Castal Ltd. assures that the information regarding the 100% utilization of funds is consistent with previous submissions, including the final statement for the half-year ended March 31, 2026. The details are also made accessible on the company’s official website for public viewing.
Source: BSE
