Kalana Ispat Limited — Others, 14-11-2024: Utilisation of Funds

Kalana Ispat Limited has provided a utilization report for the proceeds from its Initial Public Offer (IPO). A total of ₹32.59 crore was allocated for projects, including ₹22.99 crore for a solar power plant and ₹7.99 crore for setting up a rolling mill. As of September 30, 2024, ₹0.44 crore has been utilized for issuance-related expenses, while no deviations in the planned allocation were reported. This reflects efficient use of funds, with the company adhering closely to its original objectives for the IPO proceeds.