Vidya Wires Ltd

Certificate details

• Certificate under Regulation 74(5) received from registrar for share dematerialisation compliance.

Vidya Wires Limited – Trading Window closed from Oct 1, 2026 till completion of 48 hours after the declaration/publication of Un-Audited Financial Results for the quarter and half year ending September 30, 2026 for the current Financial Year 2026-27.

AGM Details

• Date and mode: 18-09-2026, 3:00 PM, via Online Video Conferencing/ OAVM.
• End time: 3:54 PM.
• Record date: 11-09-2026.
• Postal ballot deadline: 18-09-2026.
• Total shareholders on record: 87,718.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements for FY2026.
• Resolution 2 (Ordinary): Re-appointment of Shilpa Rathi, who retires by rotation.
• Resolution 3 (Ordinary): Appointment of D. G. Bhimani & Associates as Secretarial Auditor for five years; remuneration fixed.
• Resolution 4 (Ordinary): Ratification of remuneration payable to J. B. Mistri & Co. as Cost Auditors for FY2027.

Voting Results

• Resolution 1: Passed; all votes cast in favour.
• Resolution 2: Passed with overwhelming support; minimal dissent.
• Resolution 3: Passed with overwhelming support; minimal dissent.
• Resolution 4: Passed with overwhelming support; minimal dissent.

Auditor/Appointments

• Secretarial Auditor appointed: D. G. Bhimani & Associates; term five years; remuneration fixed.
• Cost Auditor remuneration fixed for FY2027: J. B. Mistri & Co.

Director Changes

• Shilpa Rathi (DIN 00410092) re-appointed; retires by rotation.

AGM details and resolutions

• AGM held on 18 Sep 2026 at 15:00 IST via VC/OAVM.
• Meeting duration: 15:00–15:54 IST.
• Attendance: 34 members representing 72.88% equity via VC/OAVM.
• Resolutions: four items—financials, director rotation, secretarial auditor, cost auditor remuneration.
• Voting results pending; Scrutinizer's Report will determine pass/fail.
• Chair for Resolution 2: Rajnikant Diwan due to interest.
• Scrutinizer: Dinesh Bhimani appointed for e-voting scrutiny.
• Notice and annual report circulated; no qualifications reported.
• Item 1: Ordinary—Adopt standalone and consolidated financial statements.
• Item 2: Ordinary—Re-appointment of Shilpa Rathi (retiring by rotation).
• Item 3: Ordinary—Secretarial Auditor appointed for five years; remuneration fixed.
• Item 4: Ordinary—Ratify Cost Auditor remuneration for FY 2026-27.

Vidya Wires AGM notice

• 44th AGM scheduled for 18 September 2026; e-voting under Companies Act 2013.

Vidya Wires newspaper notice

• Notice published 28 August 2026 in Financial Express (English and Gujarati).

Haryana Financial Corporation postal ballot

• Special resolution to be passed by postal ballot with NSDL e-voting facility.

HFC voting timeline

• e-voting opens 28 Aug 2026, closes 26 Sep 2026; Scrutinizer Girish Madan appointed.

VIPCL AGM notice

• 45th AGM on 24 Sep 2026 at 12:30 PM; ordinary business to be transacted.

VIPCL e-voting and book closure

• Remote e-voting 21-23 Sep 2026; book closure 18-24 Sep 2026; notices dispatched by 27 Aug 2026.

AGM details and governance items

• Notice of the 44th AGM scheduled for 18 September 2026 at 15:00 IST via VC/OAVM.
• Ordinary business includes adoption of standalone and consolidated financial statements for FY 2025-26.
• Mrs. Shilpa Rathi seeks reappointment as Executive Director, retiring by rotation.
• M/s D. G. Bhimani & Associates to be Secretarial Auditor for five consecutive years.
• Remuneration for Secretarial Auditor proposed at ₹50,000 per annum plus expenses.
• Cost Auditor remuneration: ₹60,000 basic plus ₹10,000 XBRL prep for FY 2026-27.
• Remuneration for Cost Auditor to be ratified by Members for FY 2026-27.
• Remote e-voting window from 15–17 September 2026; cut-off date 11 September 2026.
• Proxy not available; AGM held through VC/OAVM only.

Financial snapshot

• Consolidated revenue up 24% to about ₹1,840 crore (FY25: ₹1,481 cr).
• EBITDA ₹94 crore; PAT up over 40% to ₹58 crore.
• Standalone revenue ₹18,297.09 million; Consolidated ₹18,396.39 million.
• Standalone PAT ₹600.51 million; Consolidated ₹576.10 million.
• EPS Standalone ₹2.83; EPS Consolidated ₹2.71.
• IPO raised ₹300 crore; listed on NSE/BSE on 10 Dec 2025.
• IPO proceeds utilized ₹2,270.6 million; unutilized ₹469.4 million.
• Installed capacity: 19,680 MT; target 37,380 MT; ramp-up in FY27.
• ALCU first output ~100 MT in partial quarter.

Expansion & capacity

• ALCU Industries commenced commercial production on 7 Feb 2026.
• Capacity expansion to 37,380 MT per annum as full lines install.
• ALCU designed for wide product mix; higher-value, engineered conductors.
• HQ facilities: two manufacturing units in Anand, Gujarat; 8,400+ SKUs.
• ISO 9001/14001/45001; UL approval; NABL labs bolster QA.

IPO & capital deployment

• IPO proceeds of ₹2,740 million; ₹2,270.6 million utilized by 31 Mar 2026.
• ₹1,000 million IPO funds used to repay borrowings; ₹939.6 million allocated to ALCU capex.
• General corporate purposes ₹331 million; unutilized ₹469.4 million remaining.
• Authorized capital ₹250 crore; issued ₹212.69 crore; paid-up ₹212.69 crore.

Operations & product portfolio

• Product range includes enamelled copper/aluminium winding wires, copper busbars, PV ribbon, and more.
• Back-to-back metal policy shields profits from copper price swings.
• Two Anand plants enable optimized logistics with Hazira and Mundra ports nearby.
• Winding wires for transformers, motors, renewable energy, railways, and EVs.

Capital structure & liquidity

• Standalone borrowings ₹669.69 million; net debt ₹422.29 million.
• Crisil rating updated to Crisil A-/Positive; short-term A2+.
• Cash & cash equivalents Standalone ~₹722.3 million; Consolidated ~₹726.1 million.
• Equity capital after IPO: Issued 21.27 crore shares at ₹1 face value.

Governance & leadership

• Board of 6 directors: 3 Executive, 3 Independent.
• ALCU Industries is a wholly owned subsidiary; governance aligned with SEBI/LODR.
• Alpesh Makwana resigned as Company Secretary (May 12, 2026); Jaya Ashok Bhardwaj appointed (Aug 11, 2026).
• Independent Directors met on 5 Feb 2026; board performance evaluation conducted.
• Audit, NRC, SRC, CSR committees in place; 13 board meetings in FY2025-26.

Subsidiaries & related parties

• Wholly owned subsidiary: ALCU Industries Private Limited; Form AOC-1 annexed.
• Intercompany loan to ALCU: ₹1,120 million; corporate guarantee to banks: ₹500 million.
• Related party transactions are at arm's length; disclosed in notes.

CSR & sustainability

• CSR spend ₹7.98 million in FY2025-26 across education, healthcare, mobility, welfare.
• CSR committee chaired by Shyamsundar Rathi; members Shailesh Rathi, Prashant Amin.
• CSR policy available on company website; Annexure B provides program details.
• Impact: multiple local initiatives including mobility aid and healthcare support.

Risks & outlook

• Risks: copper/aluminium price volatility; FX; ramp-up risk at ALCU; working-capital intensity.
• Outlook: demand under electrification, renewable energy, EVs, and grid expansion remains strong.
• Management focuses on disciplined expansion, export growth, and higher-value product mix.

KMP update

• Board updated KMP list authorised to determine materiality and disclosures under Regulation 30(5) LODR.
• Shyamsundar Rathi – Chairman & Whole Time Director.
• Shailesh Rathi – Managing Director.
• Naveen Pachisia – Chief Financial Officer.
• Jaya Ashok Bhardwaj – Company Secretary and Compliance Officer.
• No financial impact disclosed; governance update only.