Shareholders meeting

Date: 18th September, 2026 To To Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Script Code: 544633 Trading Symbol: VIDYAWIRES Dear Sir/Madam, Sub: Proceedings of the 44th Annual General Meeting ("AGM") of Vidya Wires Limited held through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 44th Annual General Meeting ("AGM") of the Members of Vidya Wires Limited ("the Company") was held on Friday, September 18, 2026 at 15:00 IST through Video Conferencing ("VC")/ Other Audio Visual Means ("OAVM"), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs ("MCA") and the Securities and Exchange Board of India ("SEBI"). The AGM commenced at 15:00 IST and concluded at 15:54 IST. The proceedings of the meeting are summarised below and the requisite disclosure is enclosed as Annexure-A to this letter. We request you to kindly take the same on record. Thanking you, For Vidya Wires Limited (Formerly Known as Vidya Wires Private Limited) Jaya Ashok Bhardwaj Company Secretary and Compliance Officer Enclosed: Summary of Proceedings of AGM ANNEXURE-A SUMMARY OF PROCEEDINGS OF THE 44TH ANNUAL GENERAL MEETING OF VIDYA WIRES LIMITED HELD ON FRIDAY, SEPTEMBER 18, 2026 The 44th Annual General Meeting ("AGM") of the Members of Vidya Wires Limited ("the Company") was held on Friday, September 18, 2026 at 15:00 IST through Video Conferencing ("VC")/ Other Audio Visual Means ("OAVM"), pursuant to the general circulars issued by the Ministry of Corporate Affairs (“MCA”) and the SEBI Circulars in this regard, at the Registered Office of the Company situated at Plot No. 8/1-2, GIDC, Opp. SLS Industries, Vithal Udyognagar, Anand – 388 121, Gujarat, which was deemed to be the venue of the AGM. Ms. Jaya Ashok Bhardwaj Company Secretary and Compliance Officer of the Company welcomed all the Members to the Meeting and briefed them relating to participation at the Meeting through Audio-Visual Means. Further her inter-alia informed the members that the Company engaged with National Securities Depository Limited (NSDL) as to provide remote e-voting facility to the Shareholders. Also, briefed the Members on the conduct of the Meeting, including the mute protocol, the Question and Answer session with pre-registered speakers allotted two minutes each, the technical guidelines for participation, and the NSDL help desk details for technical assistance. She further informed the Members that, as the Meeting was being conducted through VC/OAVM, physical attendance was not required and the requirement of appointing proxies was not applicable. She invited the Honourable Chairman, Mr. Shyamsundar Rathi, welcomed all the Members and confirmed the presence of the requisite quorum, declared the meeting in order and commenced the formal proceedings of the meeting. The Chairman informed that this AGM is being held through VC / OAVM as per the circulars issued by MCA and SEBI. Thereafter, the Company Secretary introduced the Board Members and Key Managerial Personnel who were attending the meeting through VC, as mentioned hereunder: Sr. No. Director/KMP Present Designation 1 Mr. Shyamsundar Rathi Chairman and Whole Time Director 2 Mr. Shailesh Rathi Managing Director 3 Mrs. Shilpa Rathi Whole Time Director 4 Mr. Prashant Amin Non-Executive Independent Director 5 Mr. Rajnikant Diwan Non-Executive Independent Director 6 Mr. Naveen Pachisia Chief Financial Officer 7 Ms. Jaya Bhardwaj Company Secretary and Compliance Officer Except Mr. Balveermal Singhvi, all the Board Members attended the AGM through VC from their respective locations. She also acknowledged the presence of representatives and attended the meeting through VC from their respective locations, as mentioned hereunder: Sr. No. Representatives Designation 1 M/s. O. P. Rathi & Co., Chartered Accountants, Vadodara- Mr. Viral Shah Statutory Auditor 2 M/s. Mukund & Rohit, Chartered Accountants, Vadodara - Ms. Medha Velani Internal Auditor 3 Mr. Dinesh Bhimani Practicing Company Secretary, Anand -Secretarial Auditor 4 Mr. Dinesh Bhimani Scrutinizer The respective Chairpersons of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee were also present at the AGM. A total of 34 Members representing 72.88% equity shares attended the Meeting through VC/OAVM. The Chairman, Mr. Shyamsundar Rathi, welcomed the Members to the Company's first Annual General Meeting since its listing and briefed them on its performance during the year. He informed the Members that consolidated revenue grew by approximately 24% to around ₹1,840 crore and profit after tax rose by over 40% to approximately ₹58 crore, aided by the Company's back-to-back metal booking policy, which shielded margins from copper price and currency volatility. He noted that the larger part of the IPO proceeds was being deployed towards capacity expansion through ALCU Industries, a wholly owned subsidiary, with ₹100 crore utilised to repay borrowings, strengthening the Company's balance sheet, and that the Company's focus going forward remained on capacity expansion, higher-value products, and export markets. The Chairman further informed the Members that the Notice convening the Meeting—detailing the ordinary and special business in Items No. 1 to 4—and the Annual Report for the financial year ended March 31, 2026 (including the financial statements, Board’s Report, and Auditors’ Report) were already circulated to the Members via email, they were taken as read. It was further confirmed that as the Statutory Auditors' Report and Secretarial Audit Report contained no qualifications, reservations, adverse remarks, or disclaimers, the Reports were taken as read. The Company Secretary then requested Mr. Shailesh Rathi, Managing Director, to brief the Members on the Company's operational and financial performance for the year. The Managing Director, Mr. Shailesh Rathi, welcomed the Members to the Company's first Annual General Meeting as a public company and briefed them on the Company's performance and future plans. He informed the Members that during the year, the Company's revenue grew by nearly 24% to approximately ₹1,840 crore, and profit after tax grew by more than 40% to approximately ₹58 crore. He apprised the Members of the strong growth outlook for the power and electrification sector in India, driven by capacity addition, grid investment, electric vehicles, data centres, and solar power. He informed the Members that the Company's wholly owned subsidiary, ALCU, commenced operations in February 2026 and is now in regular commercial production, with the balance capacity expected to be fully commissioned by the end of the third quarter of the financial year, enabling the Company to manufacture a wider range of higher-value products, including continuously transposed conductor (CTC), which is expected to commence production in the third quarter of the financial year. He stated that this expansion would nearly double the Company's total capacity and enable it to move towards more specialised, higher-margin products. He concluded with a vote of thanks to the employees, the Board, bankers, suppliers, customers, regulators, and shareholders, and requested the Company Secretary to brief the Members on the voting procedure and take them through the resolutions. Ms. Jaya Bhardwaj briefed the members that the Company had taken all necessary steps as per circular issued by the MCA and SEBI to ensure the maximum participations and to [Showing first 8,000 characters — download PDF for full document]