We are submitting the monitoring agency report for the Quarter ended March 31, 2026
VIDYAWIRES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brickwork Ratings India Private Limited has submitted the second monitoring agency report for Vidya Wires Limited's IPO proceeds utilization for Q4 FY2026. The IPO raised Rs. 300.005 Crore through a Fresh Issue of Rs. 274 Crore and Offer for Sale of Rs. 26.005 Crore. The monitoring agency has confirmed there is NO deviation in fund utilization as per the objects stated in the Offer Document dated December 6, 2025. As of March 31, 2026, Rs. 93.96 Crore of the Rs. 140 Crore allocated for capital expenditure (new project in subsidiary ALCU) has been utilized, Rs. 100 Crore for debt repayment has been fully utilized, and Rs. 12.81 Crore has been used for general corporate purposes. The remaining unutilized funds of Rs. 47.89 Crore are deployed in ICICI Bank fixed deposits and monitoring accounts.
This is a positive signal for investors as the independent monitoring agency has confirmed zero deviation in IPO proceeds utilization, meaning the company is deploying funds as committed in its prospectus. No material concerns flagged for shareholders.