Approved resignation of Mr. Alpesh Makwana from the post of Company Secretary and Compliance Officer we.f. 12.05.2026.
VIDYAWIRES · price
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Vidya Wires Ltd held its Board Meeting on May 12, 2026, approving audited financial results for Q4 and FY2026. The company reported strong growth with consolidated revenue from operations at Rs 18,396.39 million (up 24% from Rs 14,807.72 million in FY2025) and consolidated profit after tax of Rs 576.55 million (up 42% from Rs 405.58 million). EPS improved to Rs 2.71 from Rs 2.53 year-on-year. Auditors O.P. Rathi & Co. issued unmodified opinions. The Board accepted the resignation of Mr. Alpesh Makwana from the post of Company Secretary & Compliance Officer with effect from closing business hours on May 12, 2026. The updated KMP list now includes Shyamsundar Rathi (Chairman & WTD), Shailesh Rathi (MD), and Naveen Pachisia (CFO). The company, listed in December 2025 via IPO, has utilized Rs 939.60 million of Rs 1,400 million allocated for capex at its subsidiary.
The resignation of the Company Secretary and Compliance Officer creates a temporary gap in the compliance function. However, strong financial results with 42% PAT growth and clean audit opinions should provide confidence. Shareholders should monitor appointment of replacement for the compliance role.