Ram Ratna Wires Limited has showcased robust financial performance and strategic growth initiatives, reinforcing its position as India's leading manufacturer of super enamelled copper winding wires. The company's comprehensive investor presentation highlights significant achievements across multiple business segments and expansion plans.

Strong Financial Performance in 9M FY26

The company delivered impressive consolidated financial results for the nine-month period ending December 2025. Revenue from operations demonstrated strong momentum, supported by enhanced operational efficiency and market expansion.

The significant improvement in EBITDA growth outpacing revenue growth indicates enhanced operational efficiency and margin expansion during the period.

Historical Growth Trajectory

Ram Ratna Wires has maintained consistent growth momentum over the past three fiscal years, demonstrating the company's resilient business model and market positioning.

Manufacturing Capabilities and Product Portfolio

The company operates with substantial manufacturing capacity across multiple product segments. Ram Ratna Wires maintains an annual capacity of approximately 54,840 tons for enamelled wires with 80% capacity utilization. The company has expanded into copper tube manufacturing with approximately 25,200 tons capacity across Bhiwadi and Baroda facilities, positioning itself as one of India's largest copper tube plants.

Key Product Segments:

• Enamelled Wires and Strips: Comprehensive range including magnet wires, paper-covered wires, and submersible wires
• Copper Tubes: Expanded capacity from 600 MTPM to 3,000 MTPM through new IGT technology at Bhiwadi facility
• Copper Products: Bare strips, paper-covered strips, and planned copper foils by FY 2028-29
• Strategic Investments: Joint ventures including Epavo Electricals and Tefabo Product Pvt. Ltd.

Strategic Partnerships and Expansion

The company has established significant strategic partnerships to enhance its market presence. The joint venture with Epack Durables through Epavo Electricals Private Limited focuses on BLDC motor manufacturing for air conditioners, ceiling fans, and HVLS applications. Additionally, the acquisition of 64% stake in Tefabo Product Pvt Ltd strengthens the company's presence in renewable energy sector, particularly wind turbine tower internals.

PLI Scheme Approval and Future Growth

Ram Ratna Wires received approval under the PLI Scheme for White Goods (Air Conditioners) in 2025, with a committed investment of approximately ₹253 crore. The company has also received NCLT approval for the merger of Global Copper Pvt Ltd into RRWL, and commenced copper tube production at the Bhiwadi plant.

Financial Position and Capital Structure

As of December 2025, the company maintained a total equity of ₹545 crore with total assets of ₹1,804 crore. The balance sheet reflects the company's expansion activities with increased property, plant and equipment valued at ₹418 crore and capital work-in-progress of ₹136 crore, indicating ongoing capacity enhancement projects.

Ram Ratna Wires Limited has informed stock exchanges about receiving an Income Tax assessment order demanding ₹10.22 crores for Assessment Year 2024-25. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on March 14, 2026.

Assessment Order Details

The Deputy Commissioner of Income Tax, Central Circle 1, Vadodara issued the assessment order under Section 143(3) of the Income Tax Act, 1961 on March 13, 2026. The order follows assessment proceedings conducted by the IT department for Assessment Year 2024-25, covering Financial Year 2023-24.

The demand notice issued under Section 156 of the IT Act includes interest of ₹1.94 crores on account of certain additions made under various sections of the Income Tax Act.

Company's Response Strategy

Ram Ratna Wires Limited is currently evaluating the demand order and has outlined its response approach. The company plans to file rectification for computational and clerical errors identified in the assessment order. Additionally, the company intends to file an appeal against the additions made to the assessed income.

Key Response Actions:

• Evaluation of the demand order in progress
• Filing rectification for computational/clerical errors
• Planning appeal against income additions
• Assessment of financial implications

Financial Impact Assessment

The company has stated that it does not envisage any material impact on its financials, operations, or other activities arising from this order. This assessment is based on the company's evaluation of the demand order and its planned legal remedies.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(13) of the SEBI Listing Regulations, continuing from earlier intimations dated November 29, 2023, December 04, 2023, March 31, 2025, and March 10, 2026. The company has provided comprehensive details in Form A as required under SEBI guidelines and confirmed that all information provided is true, correct, and complete to the best of their knowledge and belief.

The company's proactive disclosure approach demonstrates adherence to regulatory requirements while keeping stakeholders informed about significant developments that could potentially impact the business.