Excellent Wires and Packaging Limited has reallocated ₹1.45 crore from its 'General Corporate Purposes' allocation to the 'Acquisition of Land and Construction of Building' object, following shareholder approval. The decision to vary the terms of the issue was taken as the management does not foresee spending the unutilised amount on general corporate activities. The funds, originally raised through an Initial Public Offering (IPO) on September 16, 2024, will now be deployed for land acquisition and construction by March 2026.

The variation was approved by shareholders through a special resolution passed at the Annual General Meeting held on August 19, 2025. The Board of Directors had initially approved the proposal to vary the terms of the objects on July 26, 2025. The reallocation involves transferring the unutilised balance of ₹145.69 lakhs from the 'General Corporate Purpose' head to the capital expenditure project.

IPO Fund Utilization Details

The total amount raised through the IPO was ₹1260.00 lakhs. The company reported a deviation in the utilization of funds for the half year ended September 30, 2025. The Audit Committee reviewed the statement of deviation, and the Board took it on record during their meeting on November 12, 2025.

The statement of deviation was submitted to the National Stock Exchange of India Ltd. on January 22, 2026, in response to a query regarding the format and auditor signature. The document was duly signed by the Statutory Auditor, Bohara Shah & Co. The company confirmed that the statement was prepared in the prescribed format under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Excellent Wires and Packaging Limited has received the Structured Digital Database (SDD) Compliance Certificate for the financial year ended March 31, 2026, confirming adherence to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The certification, issued by Jenish Doshi of JSD & Associates, validates that the company maintained a non-tamperable digital database capable of retaining records for 8 years. This compliance ensures the integrity of information regarding Unpublished Price Sensitive Information (UPSI).

The certificate confirms that the company successfully captured all 7 required events during FY26. The database includes controls over access, maintains an audit trail, and records the nature of UPSI along with precise date and time stamps. The system is maintained internally, ensuring that all disseminated UPSI from the previous quarter or year is logged.

Jenish Doshi, Practising Company Secretary, certified that no non-compliance was observed in the previous quarter or the financial year ended. The certification was submitted to the National Stock Exchange of India Ltd. on May 23, 2026, by Rachit Paresh Masalia, Managing Director of Excellent Wires and Packaging Limited.

The SDD framework is mandated under Regulation 3(5) and 3(6) of the PIT Regulations to prevent insider trading by ensuring a structured record of internal information flows. The company's adherence to these requirements mitigates regulatory risk associated with information leakage.