Walchandnagar Industries Limited (WIL) has confirmed that there is no deviation in the utilization of funds raised through its preferential issue of fully convertible equity warrants, totaling Rs 247.59 crores. The company disclosed this information in a statement reviewed by its Audit Committee on November 13, 2025, for the quarter ended September 30, 2025.

Fund Raising Details

The company raised a total of Rs 247.59 crores through the preferential issue, with the following breakdown:

• Rs 216.00 crores received from investors in cash
• Rs 31.59 crores adjusted towards conversion of outstanding loans from promoter entities

Fund Utilization

As of September 30, 2025, WIL has utilized the funds as follows:

Reallocation of Funds

The company's board has approved the following reallocations:

1. Rs 4.00 crores from Capital Expenditure to Repayment of loans
2. Rs 17.00 crores from Capital Expenditure to Working Capital

Monitoring Agency

ICRA Limited has been appointed as the Monitoring Agency for overseeing the utilization of funds raised through this preferential issue.

Company Statement

G. S. Agrawal, Whole Time Director & Company Secretary of Walchandnagar Industries Limited, stated, "We confirm that there is no deviation or variation in the use of proceeds raised through the Preferential Issue from the objects stated in the Letter of Offer/EGM Notice for Preferential Issue."

About Walchandnagar Industries Limited

Walchandnagar Industries Limited is an engineering company known for its design, engineering, and high-complex precision manufacturing capabilities. With an operational legacy of more than 116 years, the company focuses on the Defence, Nuclear, and Aerospace (DNA) business sectors, which align with the Indian government's push for self-reliance in these areas.

The company's recent financial results for Q2 FY26 showed a revenue from operations of Rs 51.78 crores, compared to Rs 49.43 crores in the previous quarter. WIL reported a positive EBITDA of Rs 0.61 crores for the second consecutive quarter, despite challenges in its Foundry business segment.

This transparent reporting of fund utilization demonstrates Walchandnagar Industries' commitment to corporate governance and shareholder trust, as the company continues to navigate the evolving landscape of the engineering and manufacturing sector in India.

Walchandnagar Industries Limited , a prominent player in the Indian manufacturing sector, has recently responded to the Bombay Stock Exchange's (BSE) inquiry regarding a notable surge in its share trading volume. The company's clarification sheds light on the market dynamics and its commitment to regulatory compliance.

Key Points of the Clarification

• Regulatory Compliance: Walchandnagar Industries affirmed its adherence to SEBI regulations, stating that all material information and price-sensitive data have been duly disclosed.
• Market-Driven Factors: The company attributed the significant increase in trading volume to market-driven factors, expressing no awareness of specific reasons for the surge.
• No Undisclosed Information: Management confirmed that there is no undisclosed price-sensitive information that requires disclosure to the exchanges at this time.
• Ongoing Compliance: The company assured its continued compliance with regulatory disclosure requirements.

Details from the LODR Data

The Latest Operational and Disclosure Requirements (LODR) data provides additional context to the company's response:

In its official response, Walchandnagar Industries reiterated its commitment to promptly inform the Exchange of all material events, information, and actions as required under Regulation 30 of the SEBI (LODR) Regulations 2015.

The company's proactive clarification demonstrates its dedication to transparency and investor relations. By addressing the BSE's inquiry promptly, Walchandnagar Industries aims to maintain investor confidence and uphold market integrity.

Investors and market watchers may continue to monitor Walchandnagar Industries' performance and any further announcements that could provide insights into the company's operations and market position.