Western Carriers (India) Limited , a prominent logistics solution provider, has released its monitoring agency report on IPO proceeds utilization for the quarter ended September 30, 2025, along with an announcement of its upcoming earnings conference call.

IPO Fund Utilization

The company raised Rs 4,928.80 million through its Initial Public Offering (IPO), comprising Rs 4,000.00 million from a fresh issue and Rs 928.80 million from an offer for sale. As of September 30, 2025, Western Carriers has utilized a portion of these funds for various purposes:

The monitoring agency, CRISIL Ratings Limited, reported no deviations from the stated objectives and confirmed that the utilization is in line with the prospectus disclosures.

Fund Deployment

As of the end of the quarter, Western Carriers has deployed Rs 1,455.74 million in fixed deposits with HDFC Bank, earning a 7.50% return. The company's financial management ensures that unutilized funds are generating returns while awaiting deployment for stated objectives.

Strategic Adjustments

The company has made an adjustment in its capital expenditure. During the reported quarter, Western Carriers purchased commercial vehicles that differed from the models initially specified in the prospectus. This decision was made in response to current market conditions and evolving business requirements. The company states that this deployment of funds remains consistent with its stated objectives and aligns with the disclosures made in the offer document.

Earnings Conference Call

Western Carriers has scheduled its Q2 & H1 FY26 earnings conference call for Monday, November 17, 2025, at 11:00 AM (IST). The call will discuss the company's operational and financial performance for the quarter and half-year ended September 30, 2025.

Key participants in the call will include:

• Mr. Kanishka Sethia (Chief Executive Officer, Chief Financial Officer, and Whole Time Director)
• Ms. Sapna Kochar (Company Secretary & Compliance Officer)

Investors and analysts can access the call through various international toll-free numbers provided by the company.

This earnings call presents an opportunity for stakeholders to gain insights into Western Carriers' recent performance and future strategies, particularly in light of its recent IPO fund utilization.

Western Carriers' reporting on its IPO fund utilization and its approach to investor communication reflect the company's commitment to corporate governance practices. As the logistics sector continues to evolve, investors may be interested in understanding how Western Carriers plans to use its newly acquired resources to drive growth and maintain its competitive position in the market.

Western Carriers (India) Limited , a prominent player in the logistics sector, has reported significant insider buying activity by its Promoter, Chairman, and Managing Director, Rajendra Sethia. According to recent disclosures made under SEBI regulations, Mr. Sethia has increased his stake in the company through multiple open market transactions.

Recent Acquisitions

On September 12, 2025, Mr. Sethia acquired 28,363 equity shares of Western Carriers, representing 0.03% of the company's total issued and paid-up share capital. This transaction follows a previous purchase made on September 11, 2025, where he acquired 7,404 equity shares, accounting for 0.01% of the company's share capital.

Disclosure Details

The company has promptly disclosed these transactions in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures were made to both the BSE Limited and the National Stock Exchange of India Limited, where Western Carriers is listed.

Implications of Insider Buying

Insider buying, particularly by high-ranking executives such as the Chairman and Managing Director, is often viewed as a positive signal by market participants. It may indicate the management's confidence in the company's future prospects and potential undervaluation of the stock.

Company Information

Western Carriers (India) Limited, identified by the ISIN INE0CJF01024, operates in the logistics and transportation sector. The company's shares are traded on both the BSE and NSE, making it accessible to a wide range of investors.

Corporate Governance

The timely disclosure of these transactions demonstrates Western Carriers' commitment to transparency and adherence to regulatory requirements. Sapna Kochar, the Company Secretary & Compliance Officer, has signed off on these disclosures, ensuring proper communication with the stock exchanges and shareholders.