Physicswallah Limited has announced its participation in an upcoming investor conference, filing the requisite disclosure with stock exchanges under regulatory compliance requirements.

Conference Details

The company will participate in Kotak's Chasing Growth 2026 investor conference, with the event details formally communicated to both NSE and BSE on February 16, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Ajinkya Jain, Group General Counsel, Company Secretary & Compliance Officer, with membership number A33261.

Information Disclosure Guidelines

Physicswallah Limited has clarified that during the investor meetings, no unpublished price sensitive information will be disclosed that is not already available in the public domain. The company stated that discussions would be based on general business outlook and information already in the public domain.

The company has noted that the conference schedule is subject to changes due to potential exigencies on the part of analysts, investors, or the company itself. The disclosure will also be hosted on the company's investor relations website at https://www.pw.live/investor-relations .

Corporate Communication

The formal communication was addressed to both major Indian stock exchanges where the company is listed - the National Stock Exchange of India Limited and BSE Limited. The company trades under the symbol PWL with scrip code 544609 on the exchanges.

Physicswallah Limited has released its monitoring agency report for the quarter ended December 31, 2025, detailing the utilization of proceeds from its ₹3,100 crore Initial Public Offering (IPO). The report, prepared by CARE Ratings Limited and reviewed by the company's Audit Committee and Board of Directors on February 05, 2026, provides comprehensive insights into the deployment of IPO funds across various strategic objectives.

IPO Fund Utilization Overview

During Q3FY26, Physicswallah utilized ₹285.68 crores from its IPO proceeds, leaving ₹2,814.32 crores unutilized. The monitoring agency confirmed no deviations from the objects stated in the offer document, indicating adherence to the company's planned fund deployment strategy.

Key Fund Deployment Areas

The company allocated funds across several strategic initiatives during the quarter. Capital expenditure for fit-outs of new offline and hybrid centers received ₹2.42 crores, with ₹2.18 crores specifically directed toward "Vidyapeeth" centers and ₹0.24 crores for other centers. Lease payments for existing identified offline and hybrid centers accounted for ₹13.47 crores, distributed among Vidyapeeth centers (₹10.80 crores), Pathshala centers (₹0.37 crores), and other centers (₹2.30 crores).

Subsidiary Acquisition Progress

A significant portion of funds, ₹26.47 crores, was deployed for acquiring additional shareholding in subsidiary Utkarsh Classes & Edutech Private Limited. The acquisition involved payments of ₹6.18 crores each to Mr. Nirmal Gehlot and Mr. Tarun Gehlot, and ₹14.12 crores to Mrs. Bhanwari Gehlot. This transaction increased Physicswallah's total shareholding in Utkarsh Classes to 75.50%.

General Corporate Purposes

The largest single allocation during the quarter was ₹243.33 crores toward general corporate purposes. This expenditure primarily comprised ₹240.82 crores for employee benefit expenses and professional fees, including payments to full-time teachers and third-party consultant teachers. Additionally, ₹2.50 crores was allocated for Goods and Services Tax expenses related to capital expenditure and lease payments.

Unutilized Funds Management

The company has deployed its unutilized proceeds across multiple fixed deposits with leading banks, earning returns ranging from 5.25% to 6.80%. Major deposits include ₹1,000 crores with HDFC Bank at 6.78% return and ₹500 crores with Axis Bank at 6.80% return. The monitoring agency noted that several planned initiatives, including investments in Xylem Learning Private Limited, server and cloud infrastructure costs, and marketing initiatives, showed nil utilization during the quarter.

Financial Context and Outlook

The monitoring agency highlighted that Physicswallah incurred losses of ₹243 crores in FY25 and ₹57 crores in H1FY26. Despite these losses, the systematic deployment of IPO proceeds demonstrates the company's commitment to its stated growth objectives. All project completion dates remain on track, with most initiatives scheduled for completion by December 31, 2028, and no delays reported in implementation timelines.