D P Wires Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 31, 2026
DPWIRES · price
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D P Wires Limited has called an Extraordinary General Meeting (EGM) on March 31, 2026 to seek shareholder approval for material related party transactions (RPTs) for FY 2026-27. Item 1 seeks approval for RPTs with Kataria Plastics Private Limited (KPPL) up to Rs. 230 crores in aggregate — Rs. 120 cr for sales, Rs. 60 cr for raw material purchases, and Rs. 50 cr for loans and advances. Item 2 seeks approval for giving or receiving unsecured loans of up to Rs. 150 crores with DP Kataria Private Limited. KPPL is a group entity where director relatives hold stakes — Mr. Kantilal Kataria (Non-Executive Director) holds 14.09% direct shareholding, and the proposed transactions represent about 36% of DP Wires' consolidated turnover. In FY 2024-25, DP Wires already sold Rs. 133.29 cr of goods and gave Rs. 48.91 cr in loans to KPPL. The EGM voting cut-off date is March 27, 2026, with remote e-voting from March 28 to March 30, 2026.
These are routine SEBI-mandated shareholder approvals for related party deals exceeding materiality thresholds; the resolutions need a simple majority to pass, and related parties (including promoter-group entities) cannot vote. The large scale of inter-group transactions with family-linked entities is something retail investors should track, as it represents significant business dependency and fund movement within the promoter group.