Wires & Fabriks (SA) Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a decline in annual net profit alongside a dividend recommendation. The company recorded a revenue of ₹11544.97 lakh for FY26, up from ₹11024.58 lakh in the previous year, while net profit for the year stood at ₹26.43 lakh, compared to ₹150.33 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹15.04 lakh on revenue of ₹2876.41 lakh.

Financial Performance

The Board of Directors approved the standalone financial results in a meeting held on May 28, 2026. The statutory auditor provided an unmodified opinion on the results. Total income for the year increased to ₹11587.58 lakh from ₹11024.58 lakh in the prior year. However, profit before tax for the year dropped significantly to ₹52.70 lakh from ₹210.91 lakh in the previous year, primarily impacted by higher finance costs and depreciation expenses.

Dividend Recommendation

The Board has recommended a dividend of 1%, equivalent to ₹0.10 per share, on the fully paid-up equity shares of ₹10 each. This distribution is subject to the approval of shareholders at the forthcoming Annual General Meeting.

Key Financial Metrics

Regulatory Compliance

The financial results were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dividend recommendation was made pursuant to Regulation 43 of the same regulations. The meeting was attended by the directors and concluded with the approval of the accounts and the dividend proposal.

wires & fabriks has received requests from three members of its promoter group seeking reclassification to the public category. The requests were submitted by Mrs. Divisha Khaitan Kedia, Mrs. Pranika Khaitan Rawat, and Mrs. Varshita Khaitan Ruia on May 12, 2026, and received by the company on May 20, 2026. The company intends to place the matter before its Board of Directors in an upcoming meeting to consider the reclassification under Regulation 31A of the SEBI (LODR) Regulations, 2015.

The shareholders stated in their letters that they are not directly or indirectly associated with the business of the company and do not have any influence over its business and policy decisions. They further confirmed that they are not involved in the day-to-day activities of the company nor do they exercise any control over its affairs. Consequently, they have requested to be reclassified as public shareholders.

The following table details the shareholding of the applicants as on the date of the request letters:

Regulatory Compliance

The applicants have confirmed and certified that they do not hold more than ten percent of the total voting rights in the company and do not exercise control over its affairs. They also confirmed they have no special rights through any formal or informal arrangements, are not on the board of directors, and are not key managerial personnel. Additionally, they certified that they are not wilful defaulters or fugitive economic offenders.

The shareholders agreed to comply with the conditions of Regulation 31(3) of the Listing Regulations. They acknowledged that failure to comply with these conditions would result in automatic reclassification as persons belonging to the promoter group. The company will proceed with the requisite compliance and formalities following the Board's decision and subsequent approval by the stock exchange.