Vidya Wires Limited has confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the second quarter and half-year ended September 30, 2026. The statement, reviewed by the Audit Committee, aligns with the objects stated in the prospectus dated December 6, 2025. The disclosure will be hosted on the company’s website.
IPO Fund Utilization Confirmed
Vidya Wires Limited has issued a statement confirming that its utilization of funds raised through the Initial Public Offer (IPO) has strictly adhered to the objectives outlined in the prospectus. This confirmation covers the financial periods of the second quarter and the half-year ended September 30, 2026.
No Deviation from Stated Objects
As per the company’s disclosure, there has been no deviation or variation in the deployment of IPO proceeds compared to the purposes detailed in the prospectus dated December 6, 2025. This declaration is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars.
Audit Committee Review
The statement of deviation or variation for the aforementioned period was duly reviewed by the Audit Committee of Vidya Wires Limited during its meeting held on November 4, 2026. The company has ensured that all fund utilization aligns with the initially approved plans.
Transparency and Disclosure
Vidya Wires Limited is committed to transparency. This disclosure regarding the IPO fund utilization will also be made available on the company’s official website, https://www.vidyawire.com/, for public access and stakeholder information.
Fund Allocation Details
For the period ending September 30, 2026, the total funds raised amounted to INR 2740.00 Million. The utilization breakdown shows that INR 1242.50 Million was used for funding capital expenditure requirements for a new project in its subsidiary, ALCU Industries Private Limited. A significant portion of INR 1000.00 Million was allocated for the repayment or prepayment of outstanding borrowings. Additionally, INR 335.30 Million was utilized for general corporate purposes and IPO expenses. The total utilized amount stands at INR 2577.8 Million, leaving an unutilized amount of INR 162.2 Million.
Source: BSE
