Western Carriers Reports No IPO Fund Use Deviation for Q2 2026

Western Carriers (India) Ltd has filed a statement confirming no deviation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended June 30, 2026. The funds raised, totaling ₹4,928.80 million (₹4,000 million fresh issue and ₹928.80 million offer for sale), were utilized as per the objects stated in the prospectus dated September 20, 2024. The company's Audit Committee has reviewed the statement, and it will be hosted on the company's website. The filing indicates that the utilization aligns with the original objects, including repayment of borrowings, capital expenditure, and general corporate purposes, with no significant variations reported.