Vidya Wires Confirms No IPO Fund Deviation for Quarter Ended March 31, 2026 Vidya Wires Limited, a manufacturer of insulated copper conductors based in Vallabh Vidyanagar, Gujarat, has confirmed that there was no deviation in the utilization of funds raised through its initial public offering (IPO) during the quarter ended March 31, 2026. The company filed its compliance statement with the BSE and National Stock Exchange of India on May 12, 2026, in adherence to SEBI regulations. The filing, submitted under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, clarified that the proceeds from the IPO were used strictly in line with the objectives outlined in the prospectus dated December 6, 2025. The IPO, which raised INR 2,740 million on December 8, 2025, was executed without any deviations in fund allocation. The company emphasized that the funds were deployed as per the stated purposes, including expansion and operational activities. The filing also referenced compliance with SEBI circulars issued in 2019 and 2024, which mandate periodic disclosures on fund utilization. The company’s audit committee reviewed the compliance statement, and the report was digitally signed by authorized representatives, including Chairman Shyamsundar Rathi and Chief Financial Officer Naveen Pachisia, on May 12, 2026. Separately, Vidya Wires’ promoter group, which holds 72.80% of the company’s equity shares through 15,48,49,000 shares, declared that no encumbrances were placed on their holdings during the financial year 2025-2026. The declaration, submitted on April 3, 2026, was made in compliance with SEBI’s takeover regulations and communicated to the BSE, NSE, and the company’s audit committee.#gujarat #sebi #vidya_wires_limited #vallabh_vidyanagar #bse_nse
