Wonder Electricals has approved an investment of ₹16.50 crore to acquire a geyser manufacturing plant from Onkar Engine and Generator Pvt Ltd, with production capacity expected to increase 20% within a year of the acquisition.

Acquisition details

The following table summarises the key parameters of the announced transaction:

Production capacity expansion

The acquisition of the geyser manufacturing plant from Onkar Engine and Generator Pvt Ltd is set to expand Wonder Electricals' production capacity by 20% within a year. The move marks a significant step in the company's manufacturing footprint in the geyser segment.

Operational context and rationale

The company disclosed that its existing capacity stands at 25,000 units per month, with current utilization rates between 40% and 50%. The board meeting held on September 23, 2026, approved the purchase of the manufacturing plant excluding land. The investment will be funded through bank borrowings.

Management stated that the acquisition aims to increase the bottom line and secure business during the lean period for fans, indicating a strategic diversification of revenue streams across product cycles.

Wonder Electricals has provided the web-link for its Annual Report for FY26 and confirmed that its 17th Annual General Meeting (AGM) will be held on Friday, September 25, 2026. The company informed shareholders that physical copies of the report will not be dispatched unless specifically requested.

Annual Report Access

Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company shared the digital access path for members who have not registered email addresses with the Registrar and Share Transfer Agent (RTA) or Depository Participants (DPs).

The Annual Report and AGM Notice are available at the following web-link:

Web-link: https://www.wonderelectricals.com/wp-content/uploads/2026/09/WEL_17th_Annual_Report_2025-26.pdf

Path: www.wonderelectricals.com > Investors > Annual Reports > WEL_17th_Annual_Report_2025-26

Members are urged to update their KYC details, including PAN, postal address, email, mobile number, bank account, and nomination details, with their respective DPs.

Key Agenda Items

The AGM will address several ordinary and special business items. Shareholders will vote on the following resolutions:

• Adoption of the standalone and consolidated audited financial statements for FY26.
• Confirmation of an interim dividend of ₹0.10 per equity share, already paid during the financial year.
• Reappointment of Whole Time Directors Siddhant Sahni and Karan Anand, who retire by rotation.
• Ratification of remuneration for cost auditors M/s Ajay Kumar Singh & Co.

Director Reappointments

Two directors seek reappointment at the meeting. Both have served on the board since May 12, 2016, and attended all four board meetings held during FY26.

Siddhant Sahni is a son of promoter Yogesh Sahni, while Karan Anand is a son of promoter Harsh Kumar Anand. Sahni holds a Bachelor in Business Administration, whereas Anand holds a B.E. (C.S.) and an MBA.

Cost Auditor Remuneration

The Board recommends ratifying the appointment of M/s Ajay Kumar Singh & Co. as cost auditors for FY27. The approved remuneration is ₹40,000, excluding applicable taxes and reimbursement of out-of-pocket expenses. No directors or key managerial personnel are financially interested in this resolution.

Voting Details

The cut-off date for determining voting eligibility is Friday, September 18, 2026. Remote e-voting will be available from Tuesday, September 22, 2026, at 9:00 am until Thursday, September 24, 2026, at 5:00 pm via the NSDL e-voting system.

Ms. Rubina Vohra, Practicing Company Secretary, has been appointed as Scrutinizer to oversee the remote e-voting and e-voting process in a fair and transparent manner. The results of the voting shall be declared within two working days from the conclusion of the AGM.