Vidya Wires Limited has informed stock exchanges about a revised implementation schedule for the manufacturing unit of its wholly owned subsidiary, ALCU Industries Private Limited. The company filed the announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on January 13, 2026.

Revised Timeline Details

The company has updated the schedule for key milestones in the manufacturing unit setup, as outlined in the original offer documents.

Reasons for Schedule Adjustment

The delay in the implementation schedule is attributed to additional time required for machinery shipments. According to the company's disclosure, the machinery has now been received at the factory and is currently undergoing erection and commissioning processes.

Vidya Wires Limited expects the erection and commissioning process to conclude within 15 days from the announcement date. This timeline aligns with the company's projection that commercial production will commence in the first week of February 2026.

Corporate Structure

ALCU Industries Private Limited operates as a wholly owned subsidiary of Vidya Wires Limited. The manufacturing unit details were previously disclosed in the company's Red Herring Prospectus and Prospectus during the public offering process.

Regulatory Compliance

The announcement was signed by Alpesh Makwana, Company Secretary and Compliance Officer (Membership No.: A46284), ensuring proper regulatory compliance with stock exchange requirements. The disclosure was simultaneously submitted to both BSE Limited (Script Code: 544633) and National Stock Exchange of India Limited (Trading Symbol: VIDYAWIRES).

Vidya Wires Limited delivered a strong financial performance in the first half of FY26, marking a successful debut as a listed company. The manufacturer of winding and conductivity products reported consolidated revenue growth of 5.1% year-on-year to ₹793 crores from ₹750 crores in the corresponding previous period, accompanied by significant margin expansion across key profitability metrics.

Financial Performance Highlights

The company's profitability growth significantly outpaced revenue growth during H1FY26. Key financial metrics demonstrated robust improvement:

The margin expansion was driven by improved product mix, higher capacity utilization, operating leverage, disciplined procurement, manufacturing productivity improvements, and timely pass-through pricing actions on input cost movements.

Three-Year Track Record

Vidya Wires demonstrated consistent growth momentum over the three-year period from FY23 to FY25:

This track record underscores the strength of the company's business model and execution capabilities.

Capacity Expansion Progress

The company is making significant progress on its capacity expansion initiative through subsidiary ALCU Industries. Construction at the new facility is 75-80% complete, with operations expected to commence in the last quarter of the current fiscal year. The expansion will nearly double manufacturing capacity from 19,680 metric tons per annum to 37,680 metric tons per annum.

The new facility will enable the company to expand its product range from 12 to 18 product categories, including high voltage products such as continuously transposed copper conductors, enamelled aluminium products, multi-paper covered copper conductors, PV ribbons, specialized enamelled copper strips for electric vehicles, solar cables, and copper foils.

IPO Proceeds Utilization

The company is prudently deploying its IPO proceeds of ₹274 crores as committed:

These strategic investments are expected to reinforce the company's financial position and enable margin-accretive growth.

Operational Metrics and Market Position

Vidya Wires operates with strong operational efficiency metrics. The company currently utilizes approximately 90% of its existing capacity and maintains a well-diversified customer base serving more than 458 customers, with no single customer contributing more than 9% of revenue. Repeat customer revenue stands at an impressive 94%.

The company maintains a geographically diversified revenue mix with India contributing 86% of revenues and exports to more than 18 countries across five continents accounting for 14%. Management targets increasing export contribution to 22-25% of revenues post-expansion.

Working Capital Management

The company has been focusing on improving working capital efficiency. Receivable days have been reduced from 36 days in FY25 to 33 days currently, with management targeting further reduction to 30 days. All receivables are within 30-60 days, with no receivables outstanding beyond 90 days. The company aims to maintain inventory days at up to 20 days going forward.