D. P. Wires Limited successfully conducted its Extra Ordinary General Meeting (EGM) on March 31, 2026, securing shareholder approval for significant material related party transactions totaling Rs. 330.00 crores for the financial year 2026-27.

Meeting Overview and Participation

The EGM was held at the company's registered office located at 16-18A, Industrial Area, Ratlam, Madhya Pradesh, India, 457001. The meeting commenced at 04:00 PM and concluded at 05:10 PM, with Mr. Anil Kumar Mehta, Chairman and Independent Director, presiding over the proceedings.

Board and Key Personnel Present

The meeting witnessed comprehensive participation from the company's leadership team. The board of directors was well-represented across all categories including executive, non-executive, and independent directors.

Approved Related Party Transactions

The EGM focused on two critical special business resolutions related to material related party transactions for the financial year 2026-27. Both resolutions were passed with overwhelming shareholder support.

Voting Results and Approval

The voting process incorporated both remote e-voting and physical ballot voting during the meeting. The remote e-voting period was conducted from March 28, 2026 (9:00 AM) to March 30, 2026 (5:00 PM) through CDSL platform.

Compliance and Regulatory Framework

The approved transactions comply with Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 185, 186, and 188 of the Companies Act, 2013. All transactions will be conducted at arm's length and in the ordinary course of business.

Meeting Conclusion

Following the completion of voting procedures, Ms. Shweta Garg, the appointed Practicing Company Secretary serving as scrutinizer, submitted her comprehensive report confirming that all resolutions were passed with requisite majority. The company committed to separately intimate the detailed voting results to stock exchanges and publish them on the company's website as per regulatory requirements.

DP Wires Limited's board of directors held a meeting on March 05, 2026, to approve key corporate governance matters, including the scheduling of an Extraordinary General Meeting (EGM) for March 31, 2026. The meeting, conducted at the company's registered office in Ratlam, Madhya Pradesh, addressed significant related party transactions requiring shareholder approval.

Board Meeting Outcomes

The board meeting, which commenced at 04:45 PM and concluded at 05:15 PM, resulted in several important decisions:

Material Related Party Transactions

The EGM will seek shareholder approval for two significant related party transactions that exceed materiality thresholds under SEBI Listing Regulations.

Transaction with Kataria Plastics Private Limited

The first resolution involves transactions with Kataria Plastics Private Limited, where relatives of directors serve as directors. The proposed transactions include:

The company's previous transactions with Kataria Plastics during FY 2024-25 included sales of Rs. 133.29 crores, purchases of Rs. 0.33 crores, and loans of Rs. 48.91 crores.

Transaction with DP Kataria Private Limited

The second resolution covers loan transactions with DP Kataria Private Limited, totaling Rs. 150.00 crores for FY 2026-27. This entity operates in trading of gold, silver, and precious metals, with previous loan transactions of Rs. 96.67 crores in FY 2024-25.

E-Voting and Meeting Schedule

The company has established a comprehensive timeline for the EGM process:

Shareholders can participate through remote e-voting via CDSL platform or attend the physical meeting. The company has dispatched EGM notices via email to all shareholders whose email addresses are registered as of February 27, 2026.

Regulatory Compliance and Materiality

Both proposed transactions qualify as material under Regulation 23 of SEBI Listing Regulations, as they exceed 10% of the company's annual consolidated turnover. The transactions represent approximately 36% of the company's turnover for the proposed Kataria Plastics transactions and 30% for DP Kataria transactions.

The Audit Committee, meeting on February 14, 2026, reviewed and recommended both transactions, confirming they are conducted at arm's length and in the ordinary course of business. All related parties will abstain from voting on the respective resolutions as per regulatory requirements.