Corporate Governance4 Nov 2026, 05:40 pm
Vidya Wires: No IPO Fund Use Deviation in Q2 FY27
AI Summary
Vidya Wires Limited confirms no deviation or variation in the utilization of IPO proceeds for the quarter and half-year ended September 30, 2026. The company raised INR 2740.00 Million via IPO on December 8, 2025. Funds were allocated to capital expenditure for a subsidiary's project (₹1400.00 Million, ₹1242.50 Million utilized) and repayment of borrowings (₹1000.00 Million, ₹1000.00 Million utilized). The Audit Committee reviewed and found no issues. The disclosure will be hosted on the company's website.
Key Highlights
- No deviation in IPO fund utilization for Q2 FY27.
- IPO proceeds of ₹2740 Million raised in Dec 2025.
- Funds used for project capex and debt repayment.
- Audit Committee reviewed and approved the utilization.
Price Impact
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