Swastika Castal Reports First Half-Year Results Post BSE SME Listing
Swastika Castal Limited, an aluminium casting company, has released its unaudited financial results for the half year ended September 30, 2025, following its IPO in July 2025. The company raised Rs. 120.47 million through the IPO, issuing 21.64 lakh equity shares at Rs. 65 per share. Out of the total Rs. 1406.60 lakhs raised, Rs. 1120.51 lakhs have been utilized as per the planned objectives, with Rs. 286.09 lakhs remaining unspent in the capital expenditure allocation. The company reported no deviations from the fund utilization plan stated in its prospectus and demonstrated compliance with regulatory requirements.
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Swastika Castal Limited , an aluminium casting company, has released its unaudited financial results for the half year ended September 30, 2025, marking its first regulatory filing since its Initial Public Offering (IPO) in July 2025.
IPO Details and Listing
Swastika Castal completed its IPO on July 28, 2025, issuing 21.64 lakh equity shares at Rs. 65 per share. The offering raised net proceeds of Rs. 120.47 million, with the company subsequently listing on the BSE SME platform.
Fund Utilization
The company has provided a detailed breakdown of its fund utilization from the IPO proceeds:
| Objective | Original Allocation (₹ in lakhs) | Funds Utilized (₹ in lakhs) | Unspent Amount (₹ in lakhs) |
|---|---|---|---|
| Capital Expenditure | 500.00 | 213.91 | 286.09 |
| Working Capital Requirements | 550.00 | 550.00 | 0.00 |
| General Corporate Purposes | 159.68 | 159.68 | 0.00 |
| Public Issue Related Expenses | 196.92 | 196.92 | 0.00 |
| Total | 1406.60 | 1120.51 | 286.09 |
Swastika Castal reported no deviations from the planned use of funds as stated in its prospectus dated July 15, 2025. An unspent amount of ₹286.09 lakhs allocated for capital expenditure remains, which the company plans to utilize in the next half year.
Corporate Governance and Compliance
Swastika Castal has demonstrated its commitment to transparency and regulatory compliance by:
- Submitting a statement of deviation or variation in fund utilization as per SEBI regulations.
- Conducting an Audit Committee review of the fund utilization, which reported no comments.
- Holding a Board of Directors meeting on November 13, 2025, to approve the unaudited provisional financial results.
Management Commentary
While specific financial performance metrics were not provided, the company's management, led by Managing Director Varun Sharda, has overseen the initial deployment of IPO funds in line with stated objectives. Swastika Castal appears to be progressing with its expansion plans, particularly in terms of capital expenditure for plant and machinery acquisition and construction of shed and building.
Looking Ahead
Investors and market observers may be interested in how Swastika Castal utilizes the remaining capital expenditure funds in the coming months, and how this investment translates into operational and financial performance in subsequent reporting periods.
The company's performance in future quarters will be important in establishing its track record as a newly listed entity on the BSE SME platform.
Historical Stock Returns for Swastika Castal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.94% | -7.26% | +2.39% | +15.23% | +15.23% | +15.23% |
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