Latest news about DP Wires
DP Wires
170.02
+8.08(+4.99%)
Company Performance:
View Company Insights1D+4.99%
1M+7.24%
6M+21.54%
1Y-34.35%
5Y-11.36%
More news about DP Wires
02Jun 26
DP Wires corrects clerical error in related party transaction value
DP Wires Limited has corrected a clerical error in the reported value of a Related Party Transaction approved by its Audit Committee for the period ended March 31, 2026. The company identified the discrepancy during an internal review and confirmed that the error was unintentional. Following the discovery, DP Wires took corrective measures to rectify its records and implemented additional review controls to prevent future occurrences. The company clarified that the transaction itself was placed before and approved by the Audit Committee, but the specific value entered in the reporting tab was incorrect due to an inadvertent clerical mistake. Management emphasized that the error does not reflect any issue with the transaction's validity or the committee's approval process. DP Wires stated its commitment to maintaining high standards of corporate governance and regulatory compliance. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on May 30, 2026, in pursuance of the SEBI (LODR) Regulations, 2015.
02Jun 26
DP Wires FY26 profit falls 21% to ₹1,757.71 crore
DP Wires published audited standalone financial results for FY26, reporting a 21% decline in net profit to ₹1,757.71 crore and a decrease in revenue from operations to ₹48,010.76 crore. For the fourth quarter, profit increased to ₹939.07 crore while revenue stood at ₹12,901.72 crore.
15Apr 26
DP Wires Limited Responds to BSE Inquiry on Share Price Movement
DP Wires Limited issued a clarification to BSE Limited on April 15, 2026, regarding significant share price movement, stating it is market-driven due to external factors. The company confirmed compliance with SEBI Regulation 30 disclosure requirements and assured no material information has been withheld from exchanges.
02Apr 26
DP Wires Limited EGM Approves Related Party Transactions Worth Rs. 330 Crores
D. P. Wires Limited held its Extra Ordinary General Meeting on March 31, 2026, where shareholders overwhelmingly approved material related party transactions totaling Rs. 330.00 crores for FY 2026-27. The approved transactions include Rs. 180.00 crores with Kataria Plastics Private Limited for goods, services, and loans, and Rs. 150.00 crores with DP Kataria Private Limited for unsecured loans, both receiving 99.997% approval from voting members.
05Mar 26
DP Wires Limited Board Approves EGM for March 31, 2026 to Seek Approval for Material Related Party Transactions
DP Wires Limited's board approved an EGM for March 31, 2026, to seek shareholder approval for material related party transactions totaling Rs. 380 crores. The transactions include Rs. 230 crores with Kataria Plastics Private Limited for goods sales, purchases, and loans, and Rs. 150 crores in loan transactions with DP Kataria Private Limited during FY 2026-27. Both transactions exceed materiality thresholds under SEBI regulations and have been recommended by the Audit Committee as arm's length transactions in the ordinary course of business.
10Feb 26
DP Wires Limited Schedules Board Meeting for February 14, 2026 to Consider Q3FY26 Financial Results
DP Wires Limited has scheduled a board meeting for February 14, 2026, to consider Q3FY26 unaudited financial results for the period October 1, 2025 to December 31, 2025. The meeting will also approve related party transactions and grant omnibus approval for recurring RPTs for FY 2026-27, while addressing EGM arrangements including date fixation and scrutinizer appointment.
15Nov 25
DP Wires Limited Reports Q2 FY26 Results, Revises Director Remuneration
DP Wires Limited announced a quarterly profit of ₹119.50 lakhs for Q2 FY2025-26. The Board approved a 28.57% reduction in annual remuneration for Managing Director Praveen Kataria and Whole-time Director Arvind Kataria, from ₹84.00 lakhs to ₹60.00 lakhs each, effective April 01, 2025. The Board meeting on November 14, 2025, approved unaudited Q2 and H1 results, reviewed the Limited Review Report, and revised director remuneration. Auditors Dilip K. Neema & Associates conducted a limited review of the financial results.
30May 25
D P WIRES Reports Q4 Net Profit of ₹40 Crore, Revenue Declines
D P WIRES, a wire manufacturing company, released its Q4 financial results showing a decline in performance. Net profit decreased by 59.18% year-over-year to ₹40.00 crore, down from ₹98.00 crore. Revenue fell by 34.76% to ₹137.00 crore from ₹210.00 crore in the same quarter last year. The company also experienced a 20.00% sequential decline in net profit compared to the previous quarter.
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