Plaza Wires entered into a loan agreement with Punjab National Bank on June 25, 2026, securing a Working Capital Term Loan (WCTL) of ₹4.82 Cr under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The facility is aimed at supporting the business operations of the company. The agreement was executed and received by the company on the same date.

The loan amount stands at ₹4,81,95,000. The transaction does not involve any related parties and is not classified as a related party transaction. The security for the loan includes an unconditional and irrevocable credit guarantee from the National Credit Guarantee Trustee Company (NCGTC) to the extent of 100% for MSMEs. Additionally, the lender holds a charge on existing securities, both primary and collateral, as well as on assets created out of the loan proceeds.

Loan Details

Plaza Wires Limited reported a 153.3% year-on-year increase in net profit to ₹73.03 million for the financial year ended March 31, 2026, driven by a 45.8% surge in revenue from operations. Revenue from operations for the year rose to ₹3,180.58 million from ₹2,181.75 million in the previous year. For the quarter ended March 31, 2026, net profit stood at ₹39.05 million, while revenue from operations was ₹1,115.27 million.

The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. M/s Shailendra Goel & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone financial results. The board appointed M/s BARS & CO., Chartered Accountant, as the internal auditor and M/s Deepak Mittal & Co., Cost Accountants, as the cost auditor for the financial year 2026-27.

Financial Performance

The company's total income for FY26 increased to ₹3,184.04 million from ₹2,190.07 million in FY25. Total expenses for the year amounted to ₹3,084.42 million, up from ₹2,150.93 million in the previous year. Profit before tax for the year improved to ₹99.62 million from ₹39.14 million. Basic earnings per share (EPS) for the year rose to ₹1.67 from ₹0.66 in the prior year.

The auditors drew attention to an order in appeal upholding a demand confirmed in an original order received by the company from the Commissioner (Appeals). The company, supported by external expert advice, intends to challenge the order before the Appellate Authority. The company also recognised an incremental impact of ₹2.52 million due to changes in labour codes during the year under employee benefits expenses.

Balance Sheet Highlights

Total assets as of March 31, 2026, stood at ₹1,827.16 million, compared to ₹1,636.58 million a year ago. Total equity increased to ₹1,295.72 million from ₹1,222.06 million. Trade receivables rose to ₹759.26 million from ₹621.55 million, while borrowings increased to ₹320.87 million from ₹252.07 million. Cash and bank balances at the end of the year were ₹0.35 million.

Regulatory Disclosure

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Plaza Wires Limited submitted copies of newspaper advertisements published on May 31, 2026, informing about the extract of audited financial results. The advertisements were published in the English daily Financial Express and the Hindi daily Jansatta.