Vidya Wires Ltd

Vidya Wires Ltd has announced the details for its 44th Annual General Meeting (AGM), scheduled for Friday, September 18, 2026, at 15:00 IST. The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the Financial Year 2025-2026, and the re-appointment of Mrs. Shilpa Rathi as Director. Additionally, the company proposes to appoint M/s. D. G. Bhimani & Associates as Secretarial Auditor for a five-year term.

Vidya Wires Limited has announced its 44th Annual General Meeting (AGM) scheduled for September 18, 2026, at 15:00 IST, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company also released its Annual Report for the Financial Year 2025-26. The report includes the AGM notice, details on e-voting, and participation instructions. Key financial highlights for FY26 include consolidated revenue growth of 24% to approximately ₹1,840 crore, EBITDA of approximately ₹94 crore, and profit after tax rising over 40% to approximately ₹58 crore. The Annual Report is available on the company's website, www.vidyawire.com.

Vidya Wires Ltd has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events or information and make disclosures to stock exchanges. This update was approved by the Board of Directors at a meeting held on August 11, 2026. The updated list includes Mr. Shyamsundar Rathi (Chairman & Whole Time Director), Mr. Shailesh Rathi (Managing Director), Mr. Naveen Pachisia (Chief Financial Officer), and Ms. Jaya Ashok Bhardwaj (Company Secretary and Compliance Officer). This action ensures compliance with SEBI Listing Regulations and clarifies internal authority for crucial disclosures.

Vidya Wires Ltd has announced the appointment of M/s. Mukund & Rohit, Chartered Accountants, as the company's Internal Auditors for the Financial Year 2026-27. This decision was approved by the Board of Directors on August 11, 2026, following a recommendation from the Audit Committee. The appointment is effective from August 11, 2026, and will cover the period from April 1, 2026, to March 31, 2027. M/s. Mukund & Rohit is an established multi-disciplinary firm with extensive experience in internal audit across various industries.

Vidya Wires Ltd has confirmed no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the first quarter ended June 30, 2026. The company raised INR 2740.00 Million through its IPO on December 8, 2025. The statement, reviewed by the Audit Committee, details the utilization of funds across capital expenditure for a subsidiary (ALCU Industries Private Limited), repayment of borrowings, and general corporate purposes/IPO expenses. Total utilized funds amounted to ₹2429.30 Million, with ₹310.70 Million remaining unutilized. The disclosure will be hosted on the company's website.

Vidya Wires Limited has approved an investment of ₹125 crore in its wholly-owned subsidiary, ALCU Industries Private Limited (AIPL), through the subscription of 1% Non-Convertible Redeemable Preference Shares. This investment will not alter the company's 100% shareholding in AIPL. AIPL is engaged in the manufacturing and trading of aluminum and copper products. The transaction is considered a related party transaction but is conducted at arm's length. AIPL's turnover for FY26 was ₹124.432 million.

Vidya Wires Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms that the utilization of funds raised through the company's Initial Public Offer (IPO) is in line with the stated objects of the issue. There has been no deviation observed in the use of proceeds. This disclosure is in compliance with SEBI regulations and will be hosted on the company's website. The total funds raised through the Fresh Issue and Offer for Sale were Rs. 300.005 Crore.

Vidya Wires Ltd has announced the appointment of M/s. D. G. Bhimani & Associates, a Practicing Company Secretary firm, as its Secretarial Auditor. This appointment was approved by the Board of Directors today, August 11, 2026, upon the recommendation of the Audit Committee. The firm will serve for a term of five consecutive years, from April 1, 2026, to March 31, 2031. The appointment is subject to shareholder approval. M/s. D. G. Bhimani & Associates is a peer-reviewed firm established in 2005, with extensive experience in secretarial and legal matters, including SEBI regulations and company law compliance.

Vidya Wires Ltd has announced the appointment of M/s. J. B. Mistry & Co., Cost Accountants, as the company's Cost Auditor for the Financial Year 2026-2027. This decision was approved by the Board of Directors on August 11, 2026, following a recommendation from the Audit Committee. The appointment is in compliance with Section 148 of The Companies Act, 2013, and the Companies (Cost Records and Audit) Rules, 2014. M/s. J. B. Mistry & Co. is a proprietary firm with extensive experience in cost audit and related financial consultancy services.

Vidya Wires Limited announced its un-audited consolidated financial results for the first quarter and three months ended June 30, 2026. The company reported a Net Profit of ₹171.24 Million for the period, a significant increase compared to ₹120.74 Million in the same quarter last year. Net Sales also saw a substantial rise, reaching ₹5474.95 Million in Q1 FY26 from ₹4097.05 Million in Q1 FY25. EBITDA grew to ₹252.25 Million from ₹199.98 Million year-on-year. Earnings Per Share (EPS) improved to ₹10.81 from ₹0.76.