Vidya Wires appoints J. B. Mistry & Co. as Cost Auditor for FY27

1 min read     Updated on 12 Aug 2026, 12:29 AM
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AI Summary

Vidya Wires Limited appointed M/s. J. B. Mistry & Co. as Cost Auditor for FY27, effective August 11, 2026. The Board approved the move per Audit Committee recommendations, ensuring compliance with Section 148 of the Companies Act, 2013. The firm, led by Mr. Jagadishchandra Babulal Mistri, brings extensive experience in cost audit and insolvency professional services.

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Vidya Wires Limited has appointed M/s. J. B. Mistry & Co. as its Cost Auditor for the financial year 2026-27 (FY27). The Board of Directors approved the appointment on August 11, 2026, acting on the recommendation of the Audit Committee. The firm will hold office from April 1, 2026, to March 31, 2027, to undertake the statutory cost audit of the company’s operations.

The appointment was disclosed to the Bombay Stock Exchange and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The engagement is mandated under Section 148 of the Companies Act, 2013, and the Companies (Cost Records and Audit) Rules, 2014.

Auditor Profile

M/s. J. B. Mistry & Co. is a proprietary firm of Practising Cost Accountants holding Firm Registration No. 101067 and Membership No. 6149. The firm provides cost audit services, cost record compliance including XBRL filings with the Ministry of Corporate Affairs, costing systems, budgeting, and management consultancy. Its client base includes both public sector undertakings and private sector entities.

The firm is led by Mr. Jagadishchandra Babulal Mistri, a Fellow Member of the Institute of Cost Accountants of India. He possesses over five decades of experience in techno-commercial and financial roles. Additionally, he is registered as an Insolvency Professional with the Insolvency and Bankruptcy Board of India (IBBI) and as a Registered Valuer for Plant & Machinery with the Income Tax Department. The firm’s service scope extends to GST audit advisory, asset impairment assessments under Ind AS, and valuation services under the Insolvency and Bankruptcy Code, 2016.

Appointment Details

Particulars Details
Auditor Name M/s. J. B. Mistry & Co., Cost Accountants
Registration No. Firm Registration No.: 101067; Membership No. 6149
Effective Date August 11, 2026
Term Period April 1, 2026 to March 31, 2027
Regulatory Basis Section 148, Companies Act, 2013

No relationships between the directors and the appointed auditor were disclosed in the filing. The appointment ensures regulatory compliance for Vidya Wires’ manufacturing operations, specifically regarding insulated copper conductors produced at its facilities in Vallabh Vidyanagar, Gujarat.

Historical Stock Returns for Vidya Wires

1 Day5 Days1 Month6 Months1 Year5 Years
-0.22%+4.78%+0.65%+100.64%+83.73%+83.73%

How might the appointment of a cost auditor with insolvency and valuation expertise signal Vidya Wires' strategic focus on asset optimization or potential restructuring?

What impact could the upcoming statutory cost audit have on Vidya Wires' reported margins for insulated copper conductors in FY27?

Does the selection of a firm with extensive public sector experience suggest Vidya Wires is preparing for new government tenders or compliance-heavy contracts?

Vidya Wires appoints Jaya Ashok Bhardwaj as Company Secretary

1 min read     Updated on 12 Aug 2026, 12:27 AM
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Vidya Wires Limited appointed Ms. Jaya Ashok Bhardwaj as Company Secretary and Compliance Officer, effective August 11, 2026. The Board approved the KMP appointment based on Nomination Committee recommendations. Ms. Bhardwaj, an ICSI associate with over 12 years of experience, will handle regulatory disclosures and compliance under SEBI Listing Regulations.

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Vidya Wires Limited vidya wires has appointed Ms. Jaya Ashok Bhardwaj as its Company Secretary and Compliance Officer, effective August 11, 2026. The Board approved the appointment during its meeting held on the same date, acting on the recommendation of the Nomination and Remuneration Committee. This appointment ensures dedicated oversight for regulatory compliance and corporate governance matters for the manufacturer of insulated copper conductors.

Ms. Bhardwaj has been designated as Key Managerial Personnel (KMP) under the Companies Act. In addition to her statutory duties, she has been authorized to determine the materiality of events or information and to make disclosures to stock exchanges under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment follows procedural requirements outlined in Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company submitted the requisite intimation to both BSE Limited and National Stock Exchange of India Limited.

Profile and Experience

Ms. Jaya Ashok Bhardwaj is an Associate Member of the Institute of Company Secretaries of India (ICSI), holding ACS number 37912. She brings over 12 years of professional experience in corporate laws, secretarial compliance, and corporate governance. Her expertise covers regulatory compliance under the Companies Act, SEBI Regulations, and Listing Regulations for both listed and private companies. She also possesses proficiency in handling matters concerning the Registrar of Companies (ROC).

Appointment Details

Particulars Details
Designation Company Secretary and Compliance Officer (KMP)
Effective Date August 11, 2026
Professional Qualification Associate Member, ICSI (ACS: 37912)
Relevant Experience Over 12 years
Authorization Determining materiality and making disclosures under Reg 30(5)

The appointment strengthens the company’s compliance framework, ensuring adherence to evolving regulatory standards. Ms. Bhardwaj’s background in proactive stakeholder engagement and governance best practices aligns with the company’s operational requirements.

Historical Stock Returns for Vidya Wires

1 Day5 Days1 Month6 Months1 Year5 Years
-0.22%+4.78%+0.65%+100.64%+83.73%+83.73%

How might the appointment of a dedicated Compliance Officer impact Vidya Wires' ability to navigate upcoming changes in SEBI listing regulations?

What specific governance reforms or compliance initiatives is Ms. Bhardwaj expected to prioritize during her first year at Vidya Wires?

Could this leadership change signal Vidya Wires' preparation for future capital market activities, such as fundraising or mergers?

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1 Year Returns:+83.73%