Ram Ratna Wires Ltd

Ram Ratna Wires Limited trading window closed from Oct 01, 2026 till the expiry of 48 hours after the declaration of the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ending September 30, 2026

Filing Status

• Show Cause-cum-Demand Notice from DGGI Surat for GST demand of INR 29.23 crore (FY 2020-21 to 2023-24).
• Company will file detailed submissions rebutting the allegations within the prescribed timeline.
• No material impact on financials or operations is envisaged at present.

Meeting Details

• Dates: September 2–3, 2026 (in-person plant visit).
• Type/Mode: Group meeting, in-person (physical).
• Event/Organizer: Plant Visit with Group of Institutional Investors & Analysts.
• Location: Silvassa, U.T. of D.N.H. & D.D.

Participants

• Company officials will participate; specific roles not disclosed.

Purpose

• Purpose: Plant visit and interaction with analysts/investors.

Additional Notes

• Schedule may change due to exigencies of analysts/investors/company.
• No UPSI will be shared.

Overview

• Standalone BRSR for FY2025-26 filed by Ram Ratna Wires Ltd (Scrip 522281).
• Reporting boundary: standalone; main activities include winding wires and copper tubes.
• Turnover breakdown: 72.03% insulated wire/cable, 21.52% copper products.

Key ESG Risks & Opportunities

• Material risks: resource efficiency, copper intensity, energy costs, safety, and vendor ESG risk.
• Mitigation: lean manufacturing, advanced machinery, renewable energy, energy audits, and HIRA safety studies.
• Opportunities: higher-margin products, R&D, and diversification into EV and renewable sectors.
• Regulatory compliance risk mitigated via robust monitoring and periodic audits.
• Financial implications include utility cost savings and potential revenue growth from value-added products.

Governance & Policy Highlights

• Board is the ESG oversight authority; no dedicated sustainability committee.
• Anti-Bribery/Anti-Corruption policy with zero-tolerance; Vigil Mechanism/Whistleblower policy.
• Policies extend to value chain partners; key policies board-approved; governance policies on website.
• Certifications include ISO 9001, IATF 16949, ISO 14001, ISO 45001; EcoVadis Silver badge.
• NGRBC alignment with periodic Board reviews; no external assurance obtained.
• No material penalties reported for 2025-26.

Social Responsibility & Workforce

• Total employees 275; total workers 1,767; permanent vs non-permanent breakdown provided.
• Board female representation 10%; KMP female 0%.
• Health & safety: LTIFR nil; ISO 45001 framework and biannual HIRA exercises.
• Well-being spend about 0.08% of revenue; retirement benefits include PF, gratuity, and ESIC.
• Differently-abled facilities and non-discrimination policy; vigil mechanism and multiple grievance channels.
• CSR turnover reported; focus on education and tribal development.

Environmental Performance

• Total energy: 346,084.69 GJ; renewables 29,227.64 GJ; non-renewables 316,857.05 GJ.
• Scope 1 emissions: 578.40 tCO2e; Scope 2 emissions: 60,923.29 tCO2e.
• Energy intensity: 0.121 tCO2e per ₹ lakh turnover; PPP-adjusted 2.464.
• Water: groundwater withdrawal 79,902 kl; discharge 3,549.1 kl; no surface water data.
• Waste: total 52.65 MT; hazardous waste 12.19 MT; incineration 12.19; other disposal 40.46.
• Wastewater: treatment via ETPs/STPs; treated water reused for non-potable uses; ZLD not implemented.
• Renewable capacity: 4 MW solar added; existing 1.35 MW solar and 2.1 MW wind.
• Air emissions: NOx 2.36 t, SOx 2.02 t, PM 5.77 t.
• Certifications: ISO 9001, IATF 16949, ISO 14001, ISO 45001; EcoVadis Silver badge.

Stakeholder Engagement & Complaints

• Stakeholders: customers, employees, suppliers, regulators, shareholders, communities.
• Engagement channels include emails, website forms, meetings; continuous for customers/employees; periodic for regulators.
• Customer complaints: 64 filed; 0 pending; resolved.
• Shareholders' complaints: 3 filed; 0 pending; resolved.
• Vigil Mechanism and whistleblower channels available for confidential reporting.

Other Notable Metrics

• Export share: 7.39% of total turnover.
• Affiliations: 8 industry chambers; top associations listed in governance disclosures.
• Life cycle assessments: none carried out as of FY2025-26.
• Sustainable sourcing: ~86.29% of inputs sourced sustainably.
• cyber security: framework being strengthened; rollout planned in coming period.
• Data privacy: no data breaches recorded in FY2025-26.
• Product information complies with industry standards and consumer safety labeling.

Financials

• Standalone revenue ₹5,07,610.97 Lakh, up 40% YoY.
• Consolidated revenue ₹5,17,664.98 Lakh, up 41% YoY.
• Standalone EBITDA ₹25,098.45 Lakh, up 66% YoY.
• Consolidated EBITDA ₹26,360.50 Lakh, up 69% YoY.
• Dividend recommended ₹2.50 per equity share.
• Standalone ROCE 23.55%.

Capacity & Portfolio

• Bhiwadi copper tubes plant started June 2025.
• Silvassa capex approved at ~₹86 Cr for capacity upgrades.
• CTC entry to participate in HVDC transformers, production in Q2‑2026.
• EV-focused conductors and Kapton‑covered litz wires added to Engineered Solutions portfolio.

Capital & Dividends

• Bonus issue of 4,66,74,536 shares; capital now ₹46.6745 Cr.
• Authorized share capital raised to ₹50 Cr; 9,33,49,072 shares issued.
• GCPL merger: 25,84,536 equity shares issued to GCPL shareholders.
• RRWL ESOP 2023: 2,52,000 options outstanding as of 31.03.2026.
• Final dividend of ₹2.50 per share proposed; record date 22‑Jul‑2026.

Debt & Liquidity

• Standalone borrowings ₹61,342.85 Lakh; current ₹36,323.59 Lakh; non‑current ₹25,019.26 Lakh.
• Consolidated borrowings: current ₹38,882.40 Lakh; non‑current ₹26,531.63 Lakh.
• Debt limit enhanced to ₹1,500 Cr under Section 180(1)(c).
• Net cash from financing ₹25,014.52 Lakh; operating cash flow was negative.

Governance & Leadership

• Board comprises 10 Directors; 5 Independent; Chairman is non‑executive.
• Payal Agarwal reappointed as Independent Director for second term (2026‑2031).
• KMP changes: Rajeev Maheshwari ceased CFO; Iqbal Singh Saggu appointed CFO from 1‑Apr‑2026; Sumeet Kabra & Hitesh Vaghela appointed to expanded roles.
• Statutory auditors: Bhagwagar Dalal & Doshi; Secretarial: Khanna & Co.; internal audit in place.

Subsidiaries & Joint Ventures

• Tefabo Product Pvt. Ltd. (subsidiary) 64% holding; turnover ₹1,007.29 Lakh; PAT ₹416.25 Lakh.
• Epavo Electricals Pvt. Ltd. (JV) 50%; RR‑Imperial Electricals Ltd. (Bangladesh) 10%.
• GCPL merger completed; 25,84,536 shares issued to GCPL shareholders.
• Group share of Epavo's profit ₹152.95 Lakh; RR‑Imperial’s ₹60.38 Lakh (2025‑26).

CSR & ESG

• CSR spend ₹157.00 Lakh; 2% of average net profit; set‑off ₹6.96 Lakh.
• HEMA Foundation: 126+ cities, ~5 lakh students, 52k active participants, 6k schools, 15k educators.
• EcoVadis: Silver rating, top 7% globally.
• CSR focus on education and social-emotional learning; JATF support.

Audit & Compliance

• Tax demands: ₹6,790.77 Lakh; appeals filed; no adjustments in financials.
• CARE Ratings: CARE A-; CARE A2+ (long/short term).
• Internal financial controls: adequate and operating effectively; no material penalties.
• Secretarial compliance and governance disclosures complete; interim certifications provided.

Dematerialisation/rematerialisation status

• Status of dematerialisation/rematerialisation processing and related actions not disclosed in the filing chunk.