Reply to Clarification- Financial results

MFR. OF SUPER ENAMELED COPPER WIRES & STRIPS, vl D‘{A Y v PAPER COVERED COPPER STRIPS AND BARE COPPER WIRES ’ Date: May 26,2026 Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai - 400 051 Trading Symbol: VIDYAWIRES Dear Sir/Madam, Subject: Clarification on deficiencies /non-submission observed in the Audited Financial Results for the Quarter and Year ended March 31,2026 This is with reference to mail received on May 22, 2026, from National Stock Exchange pointing out certain deficiencies and discrepancies at Outcome of Board Meeting-Financial Results submitted to the Exchange dated 12-May-2026; we would like to submit clarification on these matters and provide our point-wise submission below: 1. Financial results submitted is not as per format prescribed by SEBI- a) Balancing Figures Note is not given: We acknowledge that the specific descriptive note clarifying that "the figurefosr the quarter ended March 31, 2026, are the balancing figures between the audited figures in respect of the full financiyeaalr and the published year-to- date figures up to the third quarter” was inadvertently omitted in the PDF notes. We assure the Exchange that the actual mathematical calculations submitted are accurate. We have now appended this mandatory balancing figure note in our rectified filing. b) The Company has mentioned unaudited financial and Limited Review in its notes of Consolidated and Standalone FR (PDF): The inclusion of the terms "unaudited financial results” and "Limited Review" in the financial result notes was a typographical oversight carried forward from previous quarterly templates. As noted in our main corporate announcement and the accompanying reports, the submission on May 12, 2026, was for the Audited Standalone and Consolidated Financial Results for the full financial year ended March 31, 2026. The incorrect nomenclature has been corrected to reflect "Audited Financial Results." 2. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI - a) Same UDIN is used for both Standalone & Consolidated: We note the technical issue raised regarding the assignment of a single Unique Document Identification Number (UDIN) for both documents. In accordance with ICAI guidelines, separate and distinct UDINs must be generated for Standalone and Consolidated Audit Reports. Our Statutory Auditors have rectified this error and generated a new, independent UDINs for Standalone and Consolidated Audit Reports. A VIDYA WIRES LIMITED . (Formerly known as VIDYA WIRES PRIVATE LIMITED) Factory Address Regd. Office & Factory Address Landline Number (Unit-1) (Unit-3) +9174340 38300-303 123, Vitahl Udyognagar Plot No 8/1-2, GIDC, Vithal Udyognagar inquiry@vidyawire.com Vallabh Vidyanagar- 388 121 Vallabh Vidyanagar - 388 121 www.vidyawire.com Dist. Anand - Gujarat, INDIA Dist. Anand - Gujarat, INDIA CIN : 1313006)1981PLC004579 Mfgrs. of Insulated Copper Conductors MFR. OF SUPER ENAMELED COPPER WIRES & STRIPS, PAPER COVERED COPPER STRIPS AND BARE COPPER WIRES Please take the above information on record. Thanking you, For Vidya Wires Limited, Shyamsundar Rathi Chairman & Whole Time Director DIN: 00410015 Encl: As above A VIDYA WIRES LIMITED . (Formerly known as VIDYA WIRES PRIVATE LIMITED) Factory Address Regd. Office & Factory Address Landline Number (Unit-1) (Unit-3) +9174340 38300-303 123, Vitahl Udyognagar Plot No 8/1-2, GIDC, Vithal Udyognagar inquiry@vidyawire.com Vallabh Vidyanagar - 388 121 Vallabh Vidyanagar - 388 121 www.vidyawire.com Dist. Anand - Gujarat, INDIA Dist. Anand - Gujarat, INDIA CIN : 1313006)1981PLC004579 Mfgrs. of Insulated Copper Conductors O.P. RATHI & CO. CHARTERED ACCOUNTANTS Independent Auditors' Report on the Consolidated Financial Results of Vidya Wires Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended The Board Of Directors, Vidya Wires Limited (Formerly Known as “Vidya Wires Private Limited) Anand Opinion We have audited the accompanying statement of consolidated annual financial results of Vidya Wires Limited (hereinafter referred to as "the Holding Company") and its subsidiaries, (the Holding Company and its subsidiaries collectively referred to as "the Group") for the quarter and year ended 31st March, 2026; attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; as amended (‘the LODR Regulations') In our opinion and to the best of our information and according to the explanations given to us, the consolidated financial results: i. include the annual financial results of the following entities Direct Susidiaries: ALCU Industries Private Limited ii. are presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and iii. give a true and fair view in conformity with the recognition and measurement principles laid in the Indian Accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and consolidated total comprehensive income and other financial information of the group for the year then ended. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143 (10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Result section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the consolidated financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion. 4" Floor, 4" Block, 73 East Avenue, Sarabhai Campus, Vadodara — 390 007, Gujarat, India = admin@oprathi.in (GA) o;n, RaTHL & CO. Continuation sheet CHARTERED ACCOUNTANTS Board of Directors' Responsibilities for the Consolidated Financial Results The Consolidated Financial Results which are approved by the Board of Directors for issuance have been prepared on the basis of the consolidated annual financial results. The Holding Company's Board of Directors are responsible for the preparation and presentation of the these consolidated annual financial results that gives a true and fair view of the net profit and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down under applicable Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. The respective Board of Directors of the companies included in the Group and of its subsidiaries are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls. that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from mate [Showing first 8,000 characters — download PDF for full document]