Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, the Company has submitted the Statement of Deviation/Variation and Monitoring Agency ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Western Overseas Study Abroad Ltd filed a SEBI Regulation 32 statement confirming there is no deviation in the use of its IPO proceeds for the quarter ended December 31, 2025. The company raised Rs. 10.07 Crore in December 2025 by issuing 17.98 lakh fresh equity shares at Rs. 56 each. During Q3 FY26, it deployed Rs. 3.04 Crore, leaving Rs. 7.03 Crore parked in two ICICI Bank accounts. Of the amount utilised, Rs. 2 Crore fully repaid ICICI borrowings, Rs. 0.81 Crore went toward issue expenses, and Rs. 0.23 Crore was spent on advertising. Funds earmarked for software acquisition (Rs. 3 Crore) and general corporate purposes (Rs. 0.74 Crore) remain completely untouched. Brickwork Ratings, the appointed monitoring agency, confirmed utilisation is in line with the objects stated in the offer document. A chartered accountant certificate from KVMS and Company backs the disclosure.
This is a routine compliance disclosure with no red flags — the company is spending IPO money exactly as promised to investors. The meaningful signal is that nearly 70% of the IPO money (Rs. 7 Crore) is still sitting idle, so shareholders should watch the next few quarters to see timely deployment into software acquisition and the remaining object heads. The stock is unlikely to react strongly to this filing on its own.