Vidya Wires Confirms No IPO Fund Deviation for Quarter Ended March 31, 2026

Vidya Wires Limited, a manufacturer of Insulated Copper Conductors based in Vallabh Vidyanagar, Gujarat, has filed its statement of deviation or variation in fund utilisation for the quarter ended March 31, 2026, in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated May 12, 2026, was submitted to both BSE Limited and the National Stock Exchange of India Limited.

No Deviation in IPO Fund Utilisation

The company confirmed that during the quarter ended March 31, 2026, there was no deviation or variation in the utilisation of proceeds raised through the issuance of Equity Shares by way of an Initial Public Offer. The funds were utilised in accordance with the objects stated in the Prospectus dated December 6, 2025. The filing was made in accordance with SEBI circular no. CIR/CFD/CMD1/162/2019 dated December 24, 2019, and SEBI circular no. SEBI/HO/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.

Key Details of the Fund Raising

The following table summarises the key parameters of the fund raising and the deviation status as reported for the quarter ended March 31, 2026:

Parameter: Details Name of Listed Entity: Vidya Wires Limited Mode of Fund Raising: Public Issues / Rights Issues / Preferential Issue / QIP / Others Date of Raising Funds: December 08, 2025 Amount Raised: INR 2740.00 Million Report Filed for Quarter Ended: March 31, 2026 Monitoring Agency: Applicable Monitoring Agency Name: Brickwork Ratings India Private Limited Deviation / Variation in Use of Funds: No Shareholder Approval (if applicable): Not Applicable Explanation for Deviation / Variation: Not Applicable Comments of Audit Committee: No Comments Comments of Auditors: No Comments

Audit Committee Review

The statement was duly reviewed by the Audit Committee of the company. Neither the Audit Committee nor the auditors raised any comments in relation to the fund utilisation for the quarter. As no deviation or variation was identified, the table of objects for which funds were raised and any associated deviations was marked as Not Applicable.

Authorised Signatories

The regulatory filing was signed by the following authorised representatives of Vidya Wires Limited:

Shyamsundar Rathi — Chairman & Whole Time Director (DIN: 00410015)

Naveen Pachisia — Chief Financial Officer

Both signatories affixed their digital signatures on May 12, 2026, confirming the accuracy and completeness of the disclosure submitted to the stock exchanges.

Vidya Wires Limited announced its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 12, 2026, with statutory auditors M/s. O. P. Rathi & Co. issuing unmodified opinions on both sets of financial statements. On a consolidated basis, the company reported a significant improvement in profitability for the quarter, with net profit rising to ₹196.12 million compared to ₹126.85 million in the same period last year. Consolidated revenue from operations for the quarter stood at ₹5,987.81 million, a substantial increase from ₹3,796.20 million in the prior year period.

Consolidated Financial Performance

For the full year ended March 31, 2026, the company recorded a consolidated net profit of ₹576.55 million, up from ₹405.58 million in the prior year. Total consolidated income for the year increased to ₹18,482.47 million from ₹14,858.29 million. The consolidated earnings per share (EPS) for the year improved to ₹2.71 from ₹2.53 in the previous year. The following table summarises the key consolidated financial metrics:

Metric: Q4 FY26 (₹ Mn) Q3 FY26 (₹ Mn) Q4 FY25 (₹ Mn) FY26 (₹ Mn) FY25 (₹ Mn) Revenue from Operations: 5,987.81 4,481.62 3,796.20 18,396.39 14,807.72 Other Income: 39.32 6.53 21.65 86.08 50.57 Total Income: 6,027.13 4,488.15 3,817.85 18,482.47 14,858.29 Total Expenses: 5,758.65 4,281.68 3,642.63 17,703.02 14,310.59 Profit Before Tax: 268.48 206.47 175.22 779.45 547.70 Net Profit: 196.12 154.22 126.85 576.55 405.58 EPS – Basic (₹): 0.93 0.72 0.79 2.71 2.53 EPS – Diluted (₹): 0.93 0.72 0.79 2.71 2.53

Standalone Financial Performance

On a standalone basis, Vidya Wires reported Q4 FY26 net profit of ₹218.04 million, compared to ₹127.70 million in Q4 FY25. Standalone revenue from operations for the quarter stood at ₹5,888.51 million versus ₹3,796.20 million in the year-ago period. For the full year, standalone net profit rose to ₹600.96 million from ₹410.54 million, while total standalone income increased to ₹18,404.22 million from ₹14,846.57 million. Standalone basic and diluted EPS for the year improved to ₹2.82 from ₹2.56.

Metric: Q4 FY26 (₹ Mn) Q3 FY26 (₹ Mn) Q4 FY25 (₹ Mn) FY26 (₹ Mn) FY25 (₹ Mn) Revenue from Operations: 5,888.51 4,481.62 3,796.20 18,297.09 14,791.19 Total Income: 5,946.84 4,489.22 3,820.88 18,404.22 14,846.57 Profit Before Tax: 291.06 207.58 176.72 804.06 552.79 Net Profit: 218.04 155.60 127.70 600.96 410.54 EPS – Basic (₹): 1.03 0.73 0.80 2.82 2.56 EPS – Diluted (₹): 1.03 0.73 0.80 2.82 2.56

Balance Sheet Highlights

On a consolidated basis, total assets stood at ₹6,055.23 million as at March 31, 2026, compared to ₹3,313.16 million as at March 31, 2025. Total equity increased significantly to ₹4,798.29 million from ₹1,662.79 million, reflecting the capital raised through the IPO. Cash and cash equivalents on a consolidated basis stood at ₹726.07 million versus ₹7.48 million in the prior year. On a standalone basis, total assets were ₹5,788.10 million against ₹3,267.51 million, with total equity at ₹4,825.19 million compared to ₹1,670.76 million.

Parameter: Consolidated FY26 (₹ Mn) Consolidated FY25 (₹ Mn) Standalone FY26 (₹ Mn) Standalone FY25 (₹ Mn) Total Assets: 6,055.23 3,313.16 5,788.10 3,267.51 Total Equity: 4,798.29 1,662.79 4,825.19 1,670.76 Cash & Cash Equivalents: 726.07 7.48 722.32 7.06 Total Liabilities: 1,256.94 1,650.37 962.91 1,596.75

IPO Proceeds Utilisation

The company provided an update on the utilisation of its Initial Public Offering (IPO) proceeds as on March 31, 2026. The equity shares of the company were listed on BSE Limited and National Stock Exchange of India Limited with effect from December 10, 2025, pursuant to an IPO of 57.69 million equity shares of face value of ₹1.00 each at a price of ₹52 per share, aggregating to ₹3,000.05 million. The following table details the status of IPO proceeds utilisation:

Object: Disclosed Amount (₹ Mn) Utilised Amount (₹ Mn) Unutilised Amount (₹ Mn) Capital expenditure for new project in subsidiary: 1,400.00 939.60 460.40 Repayment/prepayment of borrowings: 1,000.00 1,000.00 – General corporate purposes/IPO expenses: 340.00 331.00 9.00

Corporate Governance Update

During the board meeting, the company accepted the resignation of Mr. Alpesh Makwana from the post of Company Secretary & Compliance Officer, effective from the close of business hours on May 12, 2026. The resignation was attributed to personal and professional aspirations. Consequently, the board updated the list of Key Managerial Personnel (KMP) to determine materiality of events. The updated KMPs are as follows:

Name: Designation: Shyamsundar Rathi: Chairman & Whole Time Director Shailesh Rathi: Managing Director Naveen Pachisia: Chief Financial Officer

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