Vidya Wires Limited has informed the Exchange about Utilisation of Funds
VIDYAWIRES · price
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Vidya Wires Limited has submitted its quarterly compliance filing confirming that there was no deviation or variation in the utilisation of IPO proceeds during Q4 FY2026 (January-March 2026). The company raised INR 2740 million (approximately INR 274 crores) through an Initial Public Offer on December 8, 2025. Brickwork Ratings India Private Limited is the monitoring agency appointed for the IPO. The statement, reviewed by the Audit Committee and signed by Chairman Shyamsundar Rathi and CFO Naveen Pachisia, states that funds were utilised as per the objects disclosed in the Prospectus dated December 6, 2025.
No immediate shareholder impact. The filing is a routine compliance requirement confirming that IPO proceeds are being deployed as originally planned, which is a positive indicator of proper fund management and adherence to stated objectives.