Regulatory11 Aug 2026, 09:51 pm
Vidya Wires: IPO Proceeds Utilisation Report Shows No Deviation
AI Summary
Vidya Wires Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms that the utilization of funds raised through the company's Initial Public Offer (IPO) is in line with the stated objects of the issue. There has been no deviation observed in the use of proceeds. This disclosure is in compliance with SEBI regulations and will be hosted on the company's website. The total funds raised through the Fresh Issue and Offer for Sale were Rs. 300.005 Crore.
Key Highlights
- IPO proceeds utilisation report for Q1 FY27 submitted.
- Monitoring agency confirms no deviation in fund utilisation.
- Funds raised were Rs. 300.005 Crore via IPO.
- Report complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Disclosure to be hosted on the company website.
Price Impact
More from VIDYAWIRES