Regulatory12 May 2026, 07:31 pm
Vidya Wires: No Deviation in IPO Proceeds Utilization
AI Summary
Vidya Wires Ltd confirms no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The IPO, which raised ₹2740.00 Million on December 08, 2025, was intended for objects stated in the Prospectus dated 6th December, 2025. The audit committee reviewed the statement, and auditors provided no comments.
Key Highlights
- Vidya Wires reports no deviation in IPO proceeds for Q1 2026.
- IPO raised ₹2740.00 Million on December 08, 2025.
- Proceeds utilized as per Prospectus dated December 6, 2025.
- Audit Committee reviewed the statement with no comments.
- Brickwork Ratings India Private Limited is the monitoring agency.
Price Impact
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