Investment Details
The Board of Directors of Vidya Wires Limited approved making further investment in ALCU Industries Private Limited (AIPL), its wholly-owned subsidiary, by subscribing to:
- 1,25,00,000 (One Crore Twenty-Five Lakh) 1% Non-Convertible Redeemable Preference Shares
- Face value: ₹100 (Rupees Hundred) each
- Total investment amount: ₹125,00,00,000 (Rupees One Twenty-Five Crore Only)
- Subject to necessary compliance
Target Entity Details
ALCU Industries Private Limited (AIPL)
- Business: Manufactures, processes, and deals in aluminum and copper products including wires, tubes, rods, foils, plates, coils, circles, and related components. Also deals in ancillary items such as furniture, tools, equipment, and packing materials through manufacturing, trading, import/export, or distribution.
- Incorporation: 24th May, 2022
- Country: India
- FY26 Turnover: ₹124.432 million
- Industry: Manufacturing of winding and conductivity products
Transaction Structure
- Consideration: Cash
- Transaction type: Related party transaction (as AIPL is a WOS)
- Nature: Arm's length transaction
- No governmental or regulatory approvals required
- No indicative time period for completion specified
Shareholding Impact
- Current holding: 100% share capital of AIPL
- Post-investment holding: No change in percentage shareholding
- AIPL will continue to remain a wholly-owned subsidiary
- Except for shares held by the Company, Vidya Wires has no other interest in AIPL