BSECompany Update11 Aug 2026 · 11 Aug 2026, 09:54 pm
Enclosed herewith attached is Statement of Deviation or Variations for the First quarter ended on June 30, 2026
Vidya Wires Ltd · 544633
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Vidya Wires Ltd has filed a statement of deviation or variation for the first quarter and three months' period ended on June 30, 2026, stating that there was no deviation or variation in the utilisation of proceeds of IPO from the objects stated in the Prospectus. The company has utilised ₹2429.30 million out of ₹2740.00 million raised through the IPO.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment6/10
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Vidya Wires Ltd - 544633 - Statement Of Deviation Or Variation For The First Quarter And Ended On June 30, 2026
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Date: 11th August, 2026
To To
Listing Department Listing Department
BSE Limited National Stock Exchange of India
Phiroze Jeejeebhoy Towers Limited
Dalal Street Exchange Plaza, C-1, Block G
Mumbai – 400 001 Bandra Kurla Complex
Bandra (E), Mumbai – 400 051
Script Code: 544633 Trading Symbol: VIDYAWIRES
Dear Sir/Madam,
Subject: Statement of Deviation or Variation for the First Quarter and Three Months’ period
ended on June 30, 2026
Ref: Fund raised by issue of Equity Shares by way of Initial Public Offer
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 as amended read with SEBI circular no. CIR/CFD/CMD1/162/2019 dated December 24, 2019,
we hereby confirm that during the first Quarter and three months’ period ended on June 30, 2026,
there was no deviation or variation in the utilisation of proceeds of IPO from the objects stated in the
Prospectus dated 6th December, 2025.
A statement of deviation or variation for the First Quarter and Three months’ period ended on June
30, 2026, duly reviewed by the Audit Committee of the Company at its meeting held on 11th August,
2026 is enclosed herewith.
This disclosure will also be hosted on the website of the Company i.e https://www.vidyawire.com/.
Kindly take the same on your record.
Thanking you,
For Vidya Wires Limited
(Formerly Known as Vidya Wires Private Limited)
Shyamsundar Rathi
Chairman & Whole Time Director
DIN: 00410015
Encl: As above
Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity VIDYA WIRES LIMITED
(Formerly Known as Vidya Wires Private Limited)
Mode of Fund Raising IPO-Public Issue
Date of Raising Funds December 08, 2025
Amount Raised INR 2740.00 Million
Report filed for Quarter ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if Brickwork Ratings India Private Limited
applicable
Is there a Deviation / Variation in No
use of funds raised
If yes, whether the same is pursuant to change in Not Applicable
terms of a contract or objects, which was approved by
the shareholders
If Yes, Date of shareholder Not Applicable
Approval
Explanation for the Deviation / Not Applicable
Variation
Comments of the Audit Committee No Comments
after review
Comments of the auditors, if any No Comments
Objects for which funds have been raised and where there has been a deviation, in the
following table
Original Object Modified Original Modified Funds Amount of Un Utilized
Object, if Allocation allocation, Utilized Deviation / Amount (in ₹
any (in ₹ if any (in ₹ Variation for million)
million) million) the quarter
according to
applicable object
(in ₹ million)
Funding capital NA 1400.00 NA 1098.3 NA 301.70
expenditure requirements
for setting up new project
in our subsidiary viz. ALCU
Industries Private Limited
Repayment/prepayment, NA 1000.00 NA 1000 NA --
in full or part, of all or
certain outstanding
borrowings availed by our
Company
General corporate NA 340.00 NA 331 NA 9.00
purposes/IPO Expenses
Total 2740.00 2429.30 310.70