Date: August 11, 2026 (Board Meeting), August 26, 2026 (Resubmission)
Financial Results (Standalone & Consolidated)
Consolidated Financial Results (Q1 FY26):
- Revenue from operations: ₹5,497.10 million (Q1 FY25: ₹4,117.58 million)
- Other income: ₹30.86 million (Q1 FY25: ₹13.32 million)
- Total income: ₹5,527.96 million (Q1 FY25: ₹4,130.90 million)
- Total expenses: ₹5,296.43 million (Q1 FY25: ₹3,971.45 million)
- Profit before tax: ₹231.53 million (Q1 FY25: ₹159.45 million)
- Total tax expense: ₹60.18 million (Q1 FY25: ₹38.26 million)
- Profit for the period: ₹171.35 million (Q1 FY25: ₹121.19 million)
- Other comprehensive income: (₹0.11) million
- Total comprehensive income: ₹171.24 million (Q1 FY25: ₹120.74 million)
- Paid-up equity share capital: ₹212.69 million (21.27 million shares of ₹1 each)
- Basic EPS: ₹0.81 (Q1 FY25: ₹0.76)
- Diluted EPS: ₹0.81 (Q1 FY25: ₹0.76)
Standalone Financial Results (Q1 FY26):
- Revenue from operations: ₹4,934.14 million (Q1 FY25: ₹4,117.58 million)
- Other income: ₹50.69 million (Q1 FY25: ₹14.92 million)
- Total income: ₹4,984.83 million (Q1 FY25: ₹4,132.50 million)
- Total expenses: ₹4,761.01 million (Q1 FY25: ₹3,971.52 million)
- Profit before tax: ₹223.82 million (Q1 FY25: ₹160.98 million)
- Total tax expense: ₹57.13 million (Q1 FY25: ₹38.20 million)
- Profit for the period: ₹166.70 million (Q1 FY25: ₹122.78 million)
- Other comprehensive income: (₹0.11) million
- Total comprehensive income: ₹166.59 million (Q1 FY25: ₹122.32 million)
- Paid-up equity share capital: ₹212.69 million (21.27 million shares of ₹1 each)
- Basic EPS: ₹0.78 (Q1 FY25: ₹0.77)
- Diluted EPS: ₹0.78 (Q1 FY25: ₹0.77)
Key Financial Notes:
- Company listed on BSE and NSE effective December 10, 2025, after IPO of 57.69 million equity shares at ₹52 per share aggregating ₹3,000.05 million
- Income Tax Department raised tax demand of ₹247.26 million for block period April 2018 to April 2025; appeal filed June 26, 2026
- IPO proceeds utilization as of June 30, 2026:
- Funding capex for subsidiary: ₹1,098.30 million utilized of ₹1,400.00 million allocated
- Repayment of borrowings: ₹1,000.00 million fully utilized
- General corporate purposes/IPO expenses: ₹331.00 million utilized of ₹340.00 million allocated
Dividend Declaration or Non-Declaration
Board decided not to recommend any Final Dividend on equity shares (21,26,92,307 equity shares of ₹1/- each) for financial year 2025-2026.
KMP / Board / Auditor Changes
Appointment of Company Secretary and Compliance Officer:
- Ms. Jaya Ashok Bhardwaj (ACS:37912) appointed as Company Secretary and Compliance Officer
- Designated as Key Managerial Personnel effective August 11, 2026
- 12+ years experience in Corporate Laws, Secretarial Compliance, and Corporate Governance
- Authorized for determining materiality of events under SEBI LODR Regulation 30(5)
Appointment of Secretarial Auditor:
- M/s. D. G. Bhimani & Associates appointed as Secretarial Auditor
- Term: 5 consecutive years from April 1, 2026 to March 31, 2031
- Subject to shareholder approval
- Proprietary firm established in 2005 by Mr. Dineshkumar Bhimani
Appointment of Cost Auditors:
- M/s. J. B. Mistry & Co. appointed as Cost Auditors for FY 2026-2027
- Firm Registration No.: 101067, Membership No. 6149
- Proprietary firm of Mr. Jagadishchandra Babulal Mistri
Appointment of Internal Auditor:
- M/s. Mukund & Rohit appointed as Internal Auditors for FY 2026-2027
- Firm Registration No.: 113375W
- Multi-disciplinary firm headquartered in Vadodara with 30+ years experience
Updated List of Key Managerial Personnel:
- Mr. Shyamsundar Rathi: Chairman & Whole Time Director
- Mr. Shailesh Rathi: Managing Director
- Mr. Naveen Pachisia: Chief Financial Officer
- Ms. Jaya Ashok Bhardwaj: Company Secretary and Compliance Officer
Board Meeting Outcomes
Board meeting held on August 11, 2026 (15:00 to 16:30 IST) approved:
1. Unaudited Financial Results (Standalone and Consolidated) for quarter ended June 30, 2026
2. Press Release on unaudited Financial Results
3. Non-recommendation of Final Dividend for FY 2025-2026
4. Appointment of Ms. Jaya Ashok Bhardwaj as Company Secretary and Compliance Officer
5. Appointment of Secretarial Auditor for 5-year term
6. Appointment of Cost Auditor for FY 2026-2027
7. Appointment of Internal Auditor for FY 2026-2027
8. Investment of ₹125 crore in ALCU Industries Private Limited
9. Board's Report and annexures for FY ended March 31, 2026
10. Convening 44th Annual General Meeting on September 18, 2026
11. Appointment of Mr. Dineshkumar Bhimani as Scrutinizer for AGM
12. Updated list of Key Managerial Personnel
Disinvestment / Strategic Actions
Investment in Wholly-Owned Subsidiary:
- Company approved investment in ALCU Industries Private Limited (WOS)
- Investment amount: ₹125,00,00,000 (One Hundred Twenty-Five Crore)
- Instrument: 1,25,00,000 (1.25 crore) 1% Non-Convertible Redeemable Preference Shares of ₹100 each
- ALCU Industries turnover for FY 2025-2026: ₹124.43 million
- Transaction considered related party transaction at arm's length
- No change in shareholding percentage (remains 100% WOS)
Limited Review Report by O.P. Rathi & Co.:
- Unmodified review opinion on both standalone and consolidated financial results
- No qualifications in the review report
- Financial results prepared in accordance with Ind AS 34
- Review conducted in accordance with SRE 2410
- Consolidated results include Vidya Wires Limited (Parent) and ALCU Industries Private Limited (Wholly owned subsidiary)
- Subsidiary financials: Revenue ₹602.38 million, Net Profit ₹14.74 million for Q1 FY26
Press Release Highlights:
- Q1 FY26 Net Profit: ₹171.24 million
- Net Sales: ₹5,474.95 million
- EBITDA: ₹252.25 million
- PBT: ₹231.53 million
- EPS: ₹0.81
- Company described as manufacturer of winding and conductivity products
Other Operational / Legal / Strategic Disclosures
Contingent Liability:
- Income tax demand of ₹247.26 million for block period April 2018 to April 2025
- Appeal filed with Commissioner of Income-tax (Appeals) on June 26, 2026
- Management believes position is legally sustainable, no provision made