Vidya Wires Ltd

KMP update

• Board updated KMP list authorised to determine materiality and disclosures under Regulation 30(5) LODR.
• Shyamsundar Rathi – Chairman & Whole Time Director.
• Shailesh Rathi – Managing Director.
• Naveen Pachisia – Chief Financial Officer.
• Jaya Ashok Bhardwaj – Company Secretary and Compliance Officer.
• No financial impact disclosed; governance update only.

KMP authorization update

• Board updated the KMP list authorized to determine materiality and make disclosures under Regulation 30(5) LODR.
• Date of board meeting: 11 August 2026.
• Shyamsundar Rathi named Chairman and Whole Time Director.
• Shailesh Rathi named Managing Director.
• Naveen Pachisia named Chief Financial Officer.
• Jaya Ashok Bhardwaj named Company Secretary and Compliance Officer.

Investment in AIPL – key terms

• Board approves INR 125 crore investment in AIPL via 1% NCD redeemable preference shares.
• Issuing 1,25,00,000 shares at INR 100 each as cash consideration.
• AIPL remains Vidya Wires' wholly owned subsidiary; no change in ownership.
• Related party transaction; at arm's length; AIPL turnover FY2026 was INR 124.4 million.
• No regulatory approvals required for this investment.
• AIPL incorporated May 24, 2022; manufactures and deals in aluminium and copper products.

IPO proceeds status

• Purpose: confirm no deviation in IPO funds utilisation for the period.
• Mode of fund raising: IPO.
• Funds raised: amount and date redacted.
• Period: quarter ended redacted.
• Deviation/variation in use of funds: No.
• Monitoring agency involvement: present; agency name redacted.
• Unutilised funds: amount redacted.
• Audit committee comments: No comments.
• Auditors' comments: No comments.
• Original vs utilisation: redacted; no deviation indicated.

Internal Auditor Appointment

• Board approved appointment of M/s Mukund & Rohit Chartered Accountants as Internal Auditors for FY 2026-27.
• Effective 11 August 2026; tenure from April 1, 2026 to March 31, 2027.
• Firm details: Mukund & Rohit Chartered Accountants, Firm Registration No. 113375W, Vadodara.
• Appointment made on recommendation of the Audit Committee.
• No immediate financial impact disclosed; governance and internal control implications.

Appointment details

• Board approves appointment of M/s. J. B. Mistry & Co. as Cost Auditor for FY 2026-27.
• Appointment takes effect from 11 August 2026 for 1 Apr 2026 to 31 Mar 2027.
• Audit Committee recommended appointment; Regulation 30 of Listing Regulations applied.
• Firm Registration No. 101067; Membership No. 6149; proprietary firm.

Scope and regulatory basis

• Cost Audit to be conducted under Companies Act 2013 and Cost Records and Audit Rules 2014.
• No other operational changes noted.

Company and disclosure

• Vidya Wires Limited (formerly Vidya Wires Private Limited) disclosed in Annexure-A.

Appointment of Secretarial Auditor

• Board approved appointing M/s. D. G. Bhimani & Associates as Secretarial Auditor.
• Term from 1 April 2026 to 31 March 2031, subject to shareholders' approval.
• Appointee is M/s. D. G. Bhimani & Associates, peer- reviewed firm.
• Audit Committee recommended appointment prior to Board approval.
• Appointment subject to shareholder approval.

Issue Overview

• IPO of equity shares includes fresh issue and offer for sale.
• Total issue size and net proceeds as stated; no revision or undersubscription reported.
• Main objectives for proceeds align with the offer document.

Utilisation of Proceeds

• Utilisation is as per the offer document; no deviation reported.
• No changes in allocation; no undersubscription or cost revisions indicated.
• Allocated into ICICI public offer, monitoring account, and bank FD; detailed object-wise status not provided.
• Unutilised funds are parked in fixed deposits or similar instruments.

Governance and Compliance

• Monitoring agency confirms no deviation; approvals status not specified in the filing.
• No material events or information affecting objectives reported.
• Disclosure available on company website.