Walchandnagar Industries Limited submitted a regulatory disclosure to the National Stock Exchange of India Ltd and BSE Ltd pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirms 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. The statement covers the quarter ended September 30, 2026, and was reviewed by the Audit Committee in its meeting held on November 02, 2026.

Fund Raising Details

  • Mode of Fund Raising: Issue of Fully Convertible Equity Warrants on Preferential Basis
  • Date of Raising Funds: November 03, 2023
  • Total Amount Raised: ₹247.59 crores
  • ₹216.00 crores raised and received from investors
  • ₹31.59 crores adjusted towards conversion/appropriation of outstanding loan
  • Monitoring Agency: ICRA Limited
  • Reporting Quarter: September 30, 2026

Fund Utilization Details

1. Repayment of loan to promoter group entities

  • Original Allocation: ₹31.59 crores
  • Modified Allocation: Not Applicable
  • Funds Utilized (till September 30, 2026): ₹31.59 crores
  • Deviation: No Deviation

2. Repayment of Term Loan/Working Capital facility

  • Original Allocation: ₹41 crores
  • Modified Allocation: ₹45 crores
  • Funds Utilized (till September 30, 2026): ₹45 crores
  • Deviation: No Deviation
  • Remarks: Board Resolution passed to approve reallocation of ₹4.00 crore from Capital Expenditure to Repayment of loans

3. Capital Expenditure

  • Original Allocation: ₹105 crores
  • Modified Allocation: ₹84 crores
  • Funds Utilized (till September 30, 2026): ₹82.19 crores
  • Deviation: No Deviation
  • Remarks: The company utilized ₹21.00 crore of Capital Expenditure money for repayment of loan and Working Capital

4. Working Capital

  • Original Allocation: ₹50 crores
  • Modified Allocation: ₹67 crores
  • Funds Utilized (till September 30, 2026): ₹66.56 crores
  • Deviation: No Deviation
  • Remarks: Board Resolution passed to approve reallocation of ₹17.00 crore from Capital Expenditure to Working Capital

5. General Corporate Purposes

  • Original Allocation: ₹20 crores
  • Modified Allocation: Not Applicable
  • Funds Utilized (till September 30, 2026): ₹20 crores
  • Deviation: No Deviation

Additional Information

  • The Audit Committee reviewed the utilization statement and provided comments as mentioned in the Remarks Para of the enclosed report
  • Auditors had no comments on the utilization
  • No shareholder approval was required as there were no deviations