Monitoring Agency Report for the Quarter ended 31st March, 2026
VIDYAWIRES · price
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Vidya Wires Limited submitted its second monitoring agency report for Q4 FY2026 (quarter ended March 31, 2026) as required under SEBI regulations. The company's IPO raised Rs. 300.005 Crore through a Fresh Issue and Offer for Sale in December 2025. Brickwork Ratings, the monitoring agency, confirmed there is no deviation in the utilisation of IPO proceeds. Of the Rs. 140 Crore allocated for capex for the new ALCU subsidiary project, Rs. 93.96 Crore has been utilised with Rs. 46.04 Crore remaining. The Rs. 100 Crore allocated for debt repayment has been fully utilised. General corporate purpose spending slightly exceeded allocation at Rs. 12.81 Crore versus Rs. 12.296 Crore planned (by Rs. 0.52 Crore). Issue expenses stand at Rs. 20.29 Crore of Rs. 21.704 Crore allocated. Unutilised funds are parked in ICICI Bank fixed deposits earning 5.85% interest.
Positive signal for shareholders — the monitoring agency has confirmed IPO funds are being deployed as per the disclosed objects with no material deviations. The minor overspend on general corporate purpose is negligible and within acceptable limits.