Wheels India Ltd: QIP Proceeds Utilization Report Filed

Wheels India Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by India Ratings & Research Private Limited, confirms no deviation from the stated objects of the QIP. This report has been reviewed by the Audit Committee and the Board of Directors. The QIP, which raised INR 250.00 Crores, involved the issuance of 11,97,318 equity shares at ₹2,088.00 per share. The company has also made the disclosure available on its website and the stock exchanges.