Vidya Wires Limited, a manufacturer of Insulated Copper Conductors based in Vallabh Vidyanagar, Gujarat, has filed its statement of deviation or variation in fund utilisation for the quarter ended March 31, 2026, in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated May 12, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited.

No Deviation in IPO Fund Utilisation

The company confirmed that during the quarter ended March 31, 2026, there was no deviation or variation in the utilisation of proceeds raised through the issuance of Equity Shares by way of an Initial Public Offer. The funds were utilised in accordance with the objects stated in the Prospectus dated December 6, 2025. The filing was made in accordance with SEBI circular no. CIR/CFD/CMD1/162/2019 dated December 24, 2019, and SEBI circular no. SEBI/HO/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.

Key Details of the Fund Raising

The following table summarises the key parameters of the fund raising and the deviation status as reported for the quarter ended March 31, 2026:

Audit Committee Review

The statement was duly reviewed by the Audit Committee of the company. Neither the Audit Committee nor the auditors raised any comments in relation to the fund utilisation for the quarter. As no deviation or variation was identified, the table of objects for which funds were raised and any associated deviations was marked as Not Applicable.

Authorised Signatories

The regulatory filing was signed by the following authorised representatives of Vidya Wires Limited:

• Shyamsundar Rathi — Chairman & Whole Time Director (DIN: 00410015)
• Naveen Pachisia — Chief Financial Officer

Both signatories affixed their digital signatures on May 12, 2026, confirming the accuracy and completeness of the disclosure submitted to the stock exchanges.

Vidya wires Limited's promoter group has formally declared that no encumbrances were created on their shareholdings during the Financial Year 2025-2026. The declaration was submitted to stock exchanges on April 03, 2026, in compliance with regulatory requirements under SEBI's takeover regulations.

Promoter Group Holdings and Declaration

Shyamsundar Rathi, representing the promoter group, submitted the declaration on behalf of all promoters and promoter group entities. The group collectively holds significant stake in the company as detailed below:

The declaration was made pursuant to Regulation 31(4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates such disclosures from promoter groups.

Regulatory Compliance and Communication

The formal communication was addressed to multiple entities to ensure comprehensive compliance:

• BSE Limited (Script Code: 544633)
• National Stock Exchange of India Limited (Trading Symbol: VIDYAWIRES)
• Audit Committee of Vidya Wires Limited

The declaration was digitally signed by Shyamsundar Rathi on April 03, 2026, at 11:19:11 +05'30', confirming the authenticity of the submission.

Comprehensive Promoter Group Structure

The declaration covers an extensive network of 31 entities within the promoter group, including individual promoters, Hindu Undivided Families (HUFs), and corporate entities. The promoter group structure encompasses:

• Individual Promoters: Including Shailesh Rathi, Shyamsundar Rathi, and Shilpa Rathi
• Family Members: Various family members across the Rathi, Somani, Chandak, and other related families
• HUFs: Multiple Hindu Undivided Families including Shyamsunder Rathi HUF, Krishna Kumar Bang HUF, and others
• Corporate Entities: Companies such as Bang Polyweave Private Limited, Somani Energy Private Limited, and Bhagwat Wire Industries
• Proprietorship Firms: Including Neev Reality and Somani Enterprises

Significance of No-Encumbrance Declaration

This declaration provides transparency to shareholders and the market regarding the promoter group's shareholding status. The absence of any encumbrances on the promoter holdings during FY 2025-2026 indicates that the shares were not pledged, mortgaged, or otherwise encumbered as security for any financial obligations. Such declarations are crucial for maintaining investor confidence and ensuring regulatory compliance in the Indian capital markets.