V2 retail has successfully completed the utilization of its entire Qualified Institutions Placement (QIP) proceeds worth ₹39,999.99 lakhs by December 31, 2025. The monitoring agency India Ratings & Research Private Limited submitted its quarterly report on February 5, 2026, confirming no deviations from the stated objectives and complete fund deployment.

QIP Issue Details and Structure

The QIP was conducted from October 30, 2025, to November 3, 2025, involving the issuance of 18,74,414 equity shares with a face value of ₹10.00 each at ₹2,134.00 per share. The issue was oversubscribed and raised the targeted amount for the apparel retailer's expansion and debt optimization plans.

Fund Utilization Breakdown

The company deployed the QIP proceeds across three primary objectives as outlined in the placement document. The utilization exceeded the original allocation in working capital and general corporate purposes while maintaining the planned debt repayment amount.

Working Capital and Debt Management

The company utilized ₹16,525.26 lakhs for working capital requirements, slightly exceeding the planned ₹16,500.00 lakhs allocation. The additional ₹25.26 lakhs was adjusted from the general corporate purposes allocation. For debt management, V2 Retail repaid ₹13,500.00 lakhs worth of cash credit facilities by transferring the issue proceeds directly to cash credit accounts, though the corresponding credit limits were not reduced.

General Corporate Purposes Deployment

The general corporate purposes category saw enhanced utilization of ₹9,320.25 lakhs against the planned ₹9,080.00 lakhs. This increase resulted from surplus funds due to lower actual issue expenses and reallocation from unused issue expense provisions.

Monitoring Agency Assessment

India Ratings & Research Private Limited, appointed as the monitoring agency under SEBI regulations, confirmed complete compliance with the placement document objectives. The agency's report, based on management undertakings, statutory auditor certificates, and relevant bank statements, found no deviations from the disclosed objects and no unfavorable events affecting project viability.

Timeline Performance

V2 Retail completed the entire fund utilization by December 31, 2025, ahead of the planned fiscal 2026 timeline mentioned in the placement document. This early completion demonstrates efficient capital deployment and project execution capabilities across all three major fund utilization categories.

V2 retail Limited has announced its participation in the Nuvama India Conference 2026, where the company will engage with analysts and institutional investors. The meeting is scheduled as part of the conference themed "India: Shoring up Self-Reliance" and represents a key investor engagement initiative for the retail company.

Meeting Details and Schedule

The company has provided comprehensive details about the upcoming investor interaction through its regulatory filing dated February 6, 2026.

Regulatory Compliance and Information Sharing

V2 Retail Limited has emphasized its commitment to regulatory compliance in the announcement. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared or discussed during the investor interactions. This disclosure aligns with SEBI regulations governing corporate communications with analysts and institutional investors.

Investor Presentation Availability

The company has made its Q3 & 9M FY26 investor presentation readily available to stakeholders. The presentation can be accessed through multiple channels:

• Company website at v2retail.com
• Stock exchange websites (BSE and NSE)
• Direct link provided in the regulatory filing

The presentation covers the company's performance for the third quarter and nine-month period of FY26, providing investors with updated financial and operational information ahead of the conference meetings.

Corporate Communication

The announcement was signed by Shivam Aggarwal, Company Secretary & Compliance Officer, and submitted to both BSE Limited (Scrip Code: 532867) and National Stock Exchange of India Limited (NSE Symbol: V2RETAIL). The filing was made pursuant to Regulation 30 and other respective regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring full regulatory compliance for the investor engagement activity.