V2 Retail has filed a regulatory disclosure regarding its Q3FY26 earnings conference call conducted on February 4, 2026. The company submitted the transcript to BSE and NSE on February 9, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The earnings call transcript was filed as part of mandatory disclosure requirements under SEBI regulations. Company Secretary and Compliance Officer Shivam Aggarwal signed the regulatory filing, ensuring proper documentation of the investor interaction.

Management Participation

The conference call was led by Mr. Akash Agarwal, Director and Chief Executive Officer of V2 Retail Limited. The call provided analysts and investors with detailed insights into the company's Q3FY26 financial performance and operational updates.

Key Discussion Points

During the earnings call, management addressed various aspects of the business including financial performance, store expansion strategy, and operational metrics. The discussion covered both quarterly and nine-month performance for FY26, providing comprehensive insights into the company's growth trajectory.

Transparency and Investor Relations

The transcript filing demonstrates V2 Retail's commitment to maintaining transparency with stakeholders and ensuring proper regulatory compliance. The document is also made available on the company's website for broader accessibility to investors and analysts.

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.