Corporate Governance4 Nov 2026, 05:11 pm
Vidya Wires IPO Proceeds Utilisation Confirmed No Deviation
AI Summary
Vidya Wires Ltd has submitted its fourth Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms that the utilization of proceeds from the company's Initial Public Offer (IPO) of ₹300.005 Crore has been in line with the stated objectives. There was no deviation observed in the utilization of funds raised through the Fresh Issue and Offer for Sale of Equity Shares. This disclosure will be hosted on the company's website.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- No deviation in IPO proceeds utilization confirmed.
- Funds raised were ₹300.005 Crore via IPO.
- Report issued by Brickwork Ratings India Private Limited.
- Disclosure to be hosted on company website.
Price Impact
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