Submitting the Statement of Deviation or variation
VIDYAWIRES · price
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Vidya Wires Limited has filed a compliance statement confirming no deviation or variation in the utilisation of IPO proceeds during Q4 FY2026 (January-March 2026). The company raised INR 2,740 million through its Initial Public Offer in December 2025. An independent monitoring agency, Brickwork Ratings India Private Limited, is overseeing the fund utilisation. Both the Audit Committee and auditors have reviewed the statement with no comments or concerns raised. The funds appear to be deployed according to the objects stated in the Prospectus dated December 6, 2025.
The absence of any deviation indicates proper governance and adherence to the stated IPO objectives, which is reassuring for shareholders and institutional investors.