Kalana Ispat Limited — Important, 04-06-2025: Updates

Kalana Ispat has announced a board meeting to consider the financial results for the quarter and half-year. The company has utilized Rs. 14.69 Cr from its IPO proceeds, mainly for solar power installations, rolling mill setup at two locations, and issue-related expenses. Remaining IPO funds of Rs. 17.90 Cr are parked in fixed deposits and bank accounts. No deviations reported in fund usage. The focus on expanding solar capacity and rolling mill infrastructure indicates ongoing capacity ramp-up and modernization.