Vidya Wires Limited reported consolidated revenue growth of approximately 24% to around ₹1,840 crore for FY26, while profit after tax rose by over 40% to approximately ₹58 crore. The results were disclosed during the company’s 44th Annual General Meeting held on September 18, 2026.

The management attributed the financial performance to a back-to-back metal booking policy, which shielded margins from copper price and currency volatility. This strategy proved critical in sustaining profitability despite market fluctuations in raw material costs.

Capacity Expansion and Balance Sheet

A significant portion of the initial public offering proceeds is being deployed towards capacity expansion through ALCU Industries, a wholly owned subsidiary. ALCU commenced operations in February 2026 and has entered regular commercial production. The remaining capacity is expected to be fully commissioned by the end of the third quarter of the current financial year.

This expansion is projected to nearly double the company’s total capacity. It will enable the manufacturing of higher-value products, including continuously transposed conductor (CTC), with production expected to commence in the third quarter of FY27. Additionally, ₹100 crore of IPO proceeds were utilized to repay borrowings, thereby strengthening the balance sheet.

What the Numbers Show

The divergence between revenue growth (24%) and profit after tax growth (>40%) indicates operating leverage. The effective hedging against copper price volatility allowed the company to retain a disproportionate share of the top-line growth as bottom-line profit, rather than passing all cost pressures or benefits directly through margins.

Governance and Resolutions

The AGM saw participation from 34 members representing 72.88% of equity shares. Key resolutions passed included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mrs. Shilpa Rathi as a director retiring by rotation.
• Appointment of M/s. D. G. Bhimani & Associates as Secretarial Auditor for five years.
• Ratification of remuneration for Cost Auditors M/s. J. B. Mistri & Co. for FY27.

Mr. Shyamsundar Rathi served as Chairman, while Mr. Shailesh Rathi provided operational updates. The meeting concluded with no qualifications in the Statutory or Secretarial Audit Reports.

Vidya Wires Limited has submitted its annual report for FY26 to stock exchanges and scheduled its 44th Annual General Meeting (AGM) for Friday, September 18, 2026. The filing confirms the company's compliance with SEBI Listing Regulations and Ministry of Corporate Affairs guidelines.

Filing and Meeting Details

The company informed the listing departments of BSE and NSE on August 27, 2026, regarding the submission of the Annual Report and the notice for the AGM. This follows a pre-advertisement notice published in the Financial Express on August 23, 2026, and its Gujarati edition on August 24, 2026.

The AGM will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM), commencing at 3:00 pm. Shareholders will receive the AGM notice and Annual Report electronically, with physical copies not being dispatched as per regulatory relaxations. Documents are available on the company website and stock exchange portals.

Key Agenda Items

The AGM will transact ordinary and special business. Key resolutions include:

Mrs. Shilpa Rathi has over eight years of experience with the company and attended all 13 board meetings held during FY25-26. Her shareholding stands at 4,60,000 equity shares (0.22%) as on March 31, 2026.

E-Voting Process

The company is providing remote e-voting facilities to all shareholders. The cut-off date for determining voting eligibility is Friday, September 11, 2026.

Shareholders holding shares in dematerialized mode must register their email addresses with their depository participants. Those holding physical shares should update their details with the Registrar and Transfer Agent, MUFG Intime India Private Limited.