Vidya Wires Limited reported a 42% year-on-year surge in consolidated net profit to ₹171.24 million for the quarter ended June 30, 2026, while simultaneously approving a significant capital allocation of ₹125 crore to its wholly-owned subsidiary, Alcu Industries Private Limited (AIPL). The strong financial performance, driven by robust top-line growth and improved cost management, provides the liquidity base for this strategic investment in winding and conductivity products. Revenue from operations climbed 33.5% to ₹5,497.10 million from ₹4,117.58 million in the corresponding period of FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting on August 11, 2026. Statutory Auditors M/s. O. P. Rathi & Co., Vadodara, issued a limited review report in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board decided not to recommend any final dividend on equity shares for the financial year 2025-2026. The investment in AIPL was disclosed pursuant to Regulation 30(6) read with para A(1) in Part A of Schedule III of the SEBI LODR Regulations, as amended by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial Performance Highlights

Consolidated EBITDA rose to ₹252.25 million from ₹199.98 million in Q1FY26. However, EBITDA margin contracted to 4.03% from 4.54% in the prior year period, reflecting the impact of higher operational costs relative to revenue growth. On a comparable basis, EBITDA stood at ₹221 million versus ₹187 million previously. Profit before tax (PBT) increased significantly to ₹231.53 million from ₹159.45 million, aided by a sharp decline in finance costs to ₹8.50 million from ₹31.86 million.

The reduction in finance costs reflects effective debt management following the utilisation of ₹1,000 million in IPO proceeds for repayment of outstanding borrowings. The remaining unutilised IPO proceeds of ₹310.70 million are earmarked for capital expenditure and general corporate purposes.

Strategic Investment in Alcu Industries

In a significant capital allocation move, the Board approved an investment of ₹125 crore in Alcu Industries Private Limited (AIPL), a wholly-owned subsidiary. The investment involves subscribing to 1,25,00,000 1% Non-Convertible Redeemable Preference Shares of ₹100 each. AIPL, which had a turnover of ₹124.43 million in FY26, manufactures aluminium and copper products including wires, tubes, rods, foils, plates, coils, circles, and related components. The transaction is classified as a related party transaction conducted at arm's length. This capital injection aims to strengthen the subsidiary's manufacturing capabilities without altering the parent company's 100% holding structure. No governmental or regulatory approvals are required for this acquisition.

Corporate Appointments and Regulatory Disclosures

The Board appointed Ms. Jaya Ashok Bhardwaj (ACS: 37912) as Company Secretary and Compliance Officer, effective August 11, 2026, designating her as Key Managerial Personnel (KMP) authorised to determine materiality for disclosures under Regulation 30(5) of the SEBI LODR Regulations. Additionally, the Board appointed M/s. D. G. Bhimani & Associates as Secretarial Auditor for five years, M/s. J. B. Mistry & Co. as Cost Auditor for FY27, and M/s. Mukund & Rohit as Internal Auditor for FY27.

The company disclosed a pending tax demand of ₹247.26 million raised by the Income Tax Department for the block period April 1, 2018, to April 23, 2025. An appeal was filed before the Commissioner of Income-tax (Appeals) on June 26, 2026. Management believes the position is legally sustainable and has treated this as a contingent liability without making provisions in the financial statements. The 44th Annual General Meeting is scheduled for September 18, 2026, via video conferencing.

Vidya Wires Limited has appointed M/s. Mukund & Rohit, Chartered Accountants, as its Internal Auditors for the financial year 2026-2027. The company’s Board of Directors approved the engagement on August 11, 2026, following a recommendation from the Audit Committee. This appointment ensures compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aligns with the regulatory framework set out in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The appointment is effective from August 11, 2026, covering the period from April 1, 2026, to March 31, 2027. M/s. Mukund & Rohit will conduct the internal audit of the company’s operations and financial controls during this tenure. The firm holds ICAI Registration No. 113375W and is empanelled with the Reserve Bank of India (Unique Code No. 122831) and the Comptroller and Auditor General (Registration No. WR0713). Its peer review certification remains valid until May 31, 2027.

Auditor Profile and Expertise

M/s. Mukund & Rohit is a multi-disciplinary chartered accountancy firm established in 1993 and headquartered in Vadodara. Founded by Mr. Mukund Bakshi and Mr. Rohit Kothari, the firm operates additional offices in Gandhidham, Ahmedabad, and Mumbai. It employs ten partners and over 150 professionals, offering services across taxation advisory, risk and assurance advisory, banking services, management consulting, and compliance outsourcing.

The firm’s internal audit practice spans more than 30 years, covering internal audit, statutory audit, due diligence, operations audit, governance audit, and internal financial control testing. It has served listed entities and public sector undertakings across diverse sectors, including power and electricity utilities, chemicals, pharmaceuticals, textiles, food and beverages, automobiles, and infrastructure.

Regulatory Compliance Details

The appointment was formalized through a board meeting held on August 11, 2026, chaired by Shyamsundar Rath, Chairman and Whole Time Director. The company submitted the intimation to both BSE Limited and the National Stock Exchange of India Limited as required under listing norms. No relationships between the directors and the appointed auditor were disclosed, confirming the independence of the engagement.

This appointment reinforces Vidya Wires Limited’s commitment to robust internal controls and transparent financial reporting. By engaging a firm with extensive experience in auditing listed and PSU entities, the company aims to enhance governance standards and ensure adherence to statutory requirements throughout FY27.