Vidya Wires Limited has updated the roster of Key Managerial Personnel (KMP) authorised to determine the materiality of events or information and to make subsequent disclosures to the stock exchanges. The company’s Board of Directors approved this change during a meeting held on August 11, 2026, ensuring compliance with regulatory requirements for timely market communication.

The update was filed pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates that listed entities designate specific KMPs who have the authority to assess whether an event is material enough to warrant public disclosure, thereby streamlining the decision-making process for regulatory filings.

The authorised personnel include the Chairman & Whole Time Director, Managing Director, Chief Financial Officer, and Company Secretary and Compliance Officer. These individuals are now empowered to evaluate events independently and trigger disclosure mechanisms without requiring further board-level approvals for each instance, provided the event falls within their designated authority.

Authorised Key Managerial Personnel

The following executives have been designated as authorised persons for materiality determination:

Shyamsundar Rathi, who serves as the Chairman & Whole Time Director, signed the communication addressed to the Listing Departments of both BSE Limited and National Stock Exchange of India Limited. The filing requests that the exchanges update their records to reflect this new list of authorised signatories.

This procedural update ensures that Vidya Wires Limited maintains robust governance structures for information dissemination. By clearly defining which KMPs can determine materiality, the company aims to enhance the speed and accuracy of its disclosures to investors and regulators.

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.