Board Meeting Details

The Board of Directors meeting was held on 23rd May, 2026, commencing at 11:30 AM and concluding at 1:45 PM after a brief adjournment from 7:20 PM to 8:15 PM.

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026. The results were audited by BGJC & Associates LLP, Chartered Accountants, who issued an unmodified audit opinion.

2. Dividend Recommendation

Recommended a dividend of ₹4.50 per share (45%) on 3,46,95,381 fully paid-up equity shares of face value ₹10 each for FY 2025-2026, subject to shareholder approval at the Eighty-First Annual General Meeting. The dividend payment, totaling approximately ₹15.61 crores, will be made within 30 days of declaration subject to applicable TDS provisions.

3. Capacity Expansion and Modernization

Approved technological upgradation and modernization of the EHV Cable facility at Satna, Madhya Pradesh with an outlay of approximately ₹73 crores. This investment aims to enhance precision manufacturing capabilities, meet international quality standards, and improve competitiveness in overseas businesses. The project will not materially alter production capacity.

4. Director Cessation

Noted that Shri Bachh Raj Nahar (DIN: 00049895), Non-Executive Independent Director, will attain 75 years of age on 14th June 2026. Since the special resolution for his continuation beyond this age was not passed with requisite majority, his tenure stands curtailed and he will cease to be a director at close of business on 13th June 2026 in compliance with Regulation 17(1A) of Listing Regulations.

5. Key Managerial Personnel Appointment

Approved the appointment of Shri Ajay Kumar Sharma (ICSI Membership No. A-9127) as Company Secretary and Chief Compliance Officer with effect from 23rd May 2026. He will also be designated as a Key Managerial Personnel pursuant to Companies Act, 2013 and SEBI LODR Regulations.

6. Fund Raising

Approved raising funds up to ₹200 crores through issuance of Non-Convertible Debentures (NCDs) or other debt securities on a private placement basis, subject to regulatory approvals. Constituted a "Debenture Issue & Allotment Committee" to facilitate the process.

Standalone Financial Performance (₹ in lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from Operations: 84,027.26 (vs 67,403.18) - 24.66% growth
  • Total Income: 84,992.21 (vs 67,794.22)
  • Profit Before Tax: 3,507.70 (vs 3,387.11) - 3.60% growth
  • Profit After Tax: 2,174.55 (vs 2,700.78) - 19.48% decline
  • Basic & Diluted EPS: ₹6.27 (vs ₹7.79)

Annual Performance (FY26 vs FY25)

  • Revenue from Operations: 3,02,267.33 (vs 2,40,838.62) - 25.50% growth
  • Total Income: 3,05,099.11 (vs 2,43,120.01)
  • Profit Before Tax: 13,513.34 (vs 7,125.19) - 89.65% growth
  • Profit After Tax: 9,652.87 (vs 5,727.96) - 68.52% growth
  • Basic & Diluted EPS: ₹27.82 (vs ₹16.51)

Key Expense Items (FY26)

  • Cost of Raw Materials: 2,24,862.72
  • Employee Benefits: 13,172.74 (includes ₹681.89 lakhs incremental gratuity impact from new Labour Codes)
  • Finance Costs: 11,489.52
  • Depreciation: 3,892.98
  • Other Expenses: 36,569.01

Balance Sheet Position (as at 31st March 2026)

  • Total Assets: ₹3,03,409.52 lakhs (vs ₹2,18,788.45 lakhs in FY25)
  • Equity Share Capital: ₹3,469.83 lakhs (unchanged)
  • Other Equity: ₹88,191.35 lakhs (vs ₹81,103.39 lakhs)
  • Borrowings (Non-current): ₹46,391.05 lakhs
  • Borrowings (Current): ₹71,173.88 lakhs

Cash Flow Statement (FY26)

  • Cash from Operations: ₹6,347.55 lakhs
  • Cash used in Investing: ₹(25,707.87) lakhs (mainly ₹26,983.17 lakhs for Property, Plant & Equipment)
  • Cash from Financing: ₹19,191.11 lakhs (mainly ₹41,762.39 lakhs from long-term borrowings)
  • Net decrease in cash: ₹(169.21) lakhs
  • Cash and equivalents at year-end: ₹519.84 lakhs

Consolidated Financial Performance (₹ in lakhs)

Quarterly Performance (Q4 FY26)

  • Profit Before Tax: 7,659.78
  • Profit After Tax: 5,532.07
  • Basic & Diluted EPS: ₹15.94

Annual Performance (FY26)

  • Profit Before Tax: 21,739.99
  • Profit After Tax: 16,310.92
  • Basic & Diluted EPS: ₹47.01

Share in Associates/Joint Venture

  • Share in Profit of Associate and Joint Venture for FY26: ₹8,226.65 lakhs
  • Joint Venture: Birla Furukawa Fibre Optics Private Limited
  • Associate: Vindhya Telelinks Limited (excluding three wholly owned subsidiaries due to unauthorized possession of records)

Important Notes to Financial Results

Note 1: Dividend

The recommended dividend of ₹4.50 per share involves a payment of approximately ₹15.61 crores, subject to shareholder approval.

Note 2: Segment Reporting

The Company has only one reportable primary business segment - Electrical and other Cables, Wires, Conductors, Accessories, and quality power solutions products including Capacitors, Harmonic Filters, SVGs, and Turnkey Projects.

Note 3: Quarterly Figures

The figures for the last quarter are balancing figures between audited full-year figures and published unaudited year-to-date figures up to the third quarter.

Note 4: Employee Benefits Expense

Includes incremental impact of ₹681.89 lakhs for gratuity liability based on actuarial valuation due to implementation of four new Labour Codes effective from 21st November 2025.

Note 5: Consolidated Results Limitations

The consolidated results of Vindhya Telelinks Limited do not include three wholly owned subsidiaries (August Agents Limited, Insilco Agents Limited, and Laneseda Agents Limited) due to unauthorized possession of books of account and records by ex-directors.

Press Release Highlights

Financial Performance Highlights

  • Standalone Revenue from Operations: ₹3,022.67 crores in FY26 (25.5% growth)
  • Standalone PAT: ₹96.53 crores in FY26 (68.52% growth)
  • EBITDA Margin: 9.60% in FY26 (120 bps improvement from 8.40% in FY25)
  • Export Revenue: ₹169.04 crores (5.59% of total revenue)
  • Pending Order Book: Approximately ₹3,025 crores as of 31st March 2026

Operational Highlights

  • Power capacitor division recorded 78.30% revenue growth
  • Commenced supplies for prestigious 400 kV EHV cable order from Middle-East
  • Progress in obtaining UL certification and European utility registrations
  • Ongoing capacity expansion project of ₹550 crores slightly delayed
  • Two CCV lines commissioned in Q2 FY26, remaining two expected by August/September 2026
  • Expect export revenue to exceed 15% of targeted revenue in FY27
  • Projected EBITDA margin of around 10% for FY27

Joint Venture Performance

Birla Furukawa Fibre Optics Private Limited recorded highest ever profitability due to strong global demand for optical fiber driven by AI hyperscale buildouts, government broadband stimulus, and defense procurement.

Annexures

  • Annexure A: Audited Standalone and Consolidated Financial Results with Auditor's Report
  • Annexure B: Press Release
  • Annexure C: Disclosures required under Regulation 30 for director cessation and KMP appointment