To,
The Members, the accounts for the financial year ended March 31, 2026. Your directors have pleasure in presenting their 28 th Annual Report on the business and operations of the company and
1. The details regarding financial performance of the company for financial year ended March 31, 2026 are as follows:
Financial Results:
| Particulars | Standalone (Rs. In Lacs) Current Financial Year (2026) | Previous Financial Year (2025) |
| Revenue from Operations | 48073.06 | 62093.15 |
| Other Income | 1049.27 | 889.66 |
| Total Income | 49122.33 | 62982.81 |
| Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense | 2773.48 | 3519.57 |
| Less: Finance Costs | 104.17 | 143.84 |
| Profit/loss before Depreciation, Exceptional items and Tax Expense | 2669.31 | 3375.73 |
| Less: Depreciation/Amortization/Impairment | 279.02 | 378.45 |
| Add/(less): Exceptional items | Nil | Nil |
| Profit before Tax Expense | 2390.29 | 2997.28 |
| Profit before Tax Expense (% of revenue) | 4.97% | 4.82% |
| Less: Tax Expense (Current & Deferred) +Short/(Excess) provision of previous year written back | 632.58 | 776.79 |
| Profit after tax | 1757.71 | 2220.49 |
| Profit after tax (% of revenue) | 3.66% | 3.58% |
| Other Comprehensive Income/loss | 2.39 | 2.55 |
| Total comprehensive Income for the year | 1760.10 | 2223.04 |
| Earnings per share (EPS) Basic | 11.34 | 14.33 |
| Diluted | 11.34 | 14.33 |
Your company is engaged in manufacturing and supply of Steel wires, plastic pipes and plastic films which find its application in industries like oil & gas, power, environment, civil, energy, automobile, infrastructure etc. All our manufacturing divisions are situated in a single premise at Industrial Estate, Ratlam. We are also engaged in power generation through 2 wind farms of 0.80 MW each in village Okha- Madhi and Jodhpur in District Jamnagar. We have entered into PPA with Gujarat Urja Vikas Nigam Limited for sale of electricity generated through these wind farms for a period of 20 years. Both these wind farms were installed on turnkey basis by Eneron India Pvt. Ltd. in the year 2006- 07.
We have developed a brand name in the field of steel wire and plastic industry having ISO 9001- 2008 certification that highlights our capability and facilities requisite for the development of the best- in- class PE Film, Plastic Films, Pond Lining Film, HDPE Film, Cap Covers, Wires, and others.
During the year under review, the turnover of the company slightly decreased from Rs. 62093.15 Lakhs to Rs. 48073.06 Lakhs. The turnover has decreased by 22.58% on YOY basis. The earning before tax, interest and depreciation (EBITDA) marginally decreased from Rs. 3519.57 Lakhs to Rs. 2773.48 Lakhs, showing a downfall of 21.20% on YOY basis. The finance cost was decreased from Rs. 143.84 Lakhs in previous year to Rs. 104.17 Lakhs in current year. The finance cost decreased by 27.58%. The profit after tax decreased from Rs. 2220.49 Lakhs in previous year to Rs. 1757.71 Lakhs in the current year. The profit after tax reduced by 20.84%.
During the current financial year, the company has already achieved good turnover and expects the same to be increased manifold.
Your Company has adequate production capacity to meet the increased demand of the Customers. The Company has wide basket of products which caters to our customers across the globe with presence in countries like Nepal, Oman, Doha, Muscat, Shri Lanka etc. R&D Department of the Company looks after the innovation and also takes into consideration the standards laid down under the ISO certification 9001:2015. At Present there are only three suppliers who are dealing in Stranded Wires and we are an approved supplier of various Government authorities like National Highway Authority in India (NHAI), National Thermal Power Corporation Limited (NTPC), Delhi Metro Rail Corporation Limited (DMRC), Public Works Department (PWD), Central Public Work Department (CPWD), Railways, large public and private sector industries etc. Due to increased overseas demand and technological advancement, the Company has wide opportunities to expand its business operations and product base across the globe. The development of a countrys infrastructure is vital to the growth of its sectors and the overall economy. There is an opportunity for DP Wires Limited to become more organized, through steady growth and acquisitions. This would improve overall construction quality. Strong population growth and a growing economy is fueling demand for infrastructure. The government is looking to attract private companies to invest in infrastructure through public- private partnership (PPPs). Growing recognition of Vocal for local in global market, company sees many opportunities in renewable power in India. Our Company is engaged in power generation for Gujarat Urja Vikas Nigam Limited. We have set up wind energy based 2 wind farms of 0.80 MW each in village Okha - Madhi and Jodhpur in District Jamnagar, Gujarat. These wind farms are connected by 33kV grid capacity Enercon Site, sub- station at Bhogat.
The present state of Companys affairs is progressive enough viz- a- viz the industry and there is no other development which could result in an adverse situation for the Company in the near future.
There was no change in nature of business of the company during the year under review.
The Annual Return of the Company as on March 31, 2026 in Form MGT - 7 in accordance with Section 92(3) of the Act read with the Companies (Management and Administration) Rules, 2014, is available on the website of the Company at https://dpwires.co.in/news- update/
The company has transferred an amount of Rs. 200.00 Lakh to General Reserve account. The closing balance of the retained earnings of your Company for FY 2025- 26, after all appropriations and adjustments, was Rs. 25,052.13 Lakh.
The Board of Directors of your Company (Board), after considering the relevant circumstances holistically and keeping in view the Companys Dividend Distribution Policy, has decided that it would be prudent not to recommend any dividend for the year under review.
The Company has voluntarily formulated a dividend distribution policy and the same is available on your Companys website at https://www.dpwires.co.in/investors/policies- code- of- conduct/
No amount is liable to be transferred to Investor Education And Protection Fund (IEPF) during the financial year.
The Board has reviewed the status of unpaid dividends, and in accordance with Section 124 of the Companies Act, 2013, the total unpaid dividend amount for the financial year 2022- 2023 is Rs. 0.99 Lacs and for the financial year 2021- 2022 is Rs. 1.05 Lacs as December 09, 2023, and November 23, 2022, respectively. These amounts have been transferred to the Unpaid Dividend Accounts maintained with ICICI Bank and Axis Bank, respectively. A detailed statement of unpaid dividends, listing the names, addresses, and respective amounts due to each shareholder, has been prepared and is available on the companys website for public viewing.
Yearly amount of unpaid/unclaimed dividends remaining in the unpaid account as of March 31, 2026, along with the associated shares that are subject to transfer to the IEPF, including the deadlines for such transfer:
| S. No. | Date of declaration of Dividend | Number of Shareholders against whom Dividend amount is unpaid | Number of shares against whom Dividend amount is unpaid | Amount Unpaid as on March 31, 2026 (in ) | Due date of transfer of Unpaid And Unclaimed Dividend to IEPF* |
| 1. | September 30, 2023 | 28095 | 329 | Rs. 0.99 Lacs | December 09, 2030 |
| 2. | September 30, 2022 | 14911 | 7456 | Rs. 1.05 Lacs | November 23, 2029 |
Shareholders are encouraged to claim their outstanding or unclaimed dividends to prevent the transfer of such dividends and the related shares to the IEPF.
The disclosure for shares in demat suspense account/unclaimed suspense account as provided in Para F of Schedule V of the SEBI (LODR) Regulations, 2015 is as follows:
| S. No. | Particulars | No of shareholders | Total no. shares |
| a. | Aggregate number of shareholders and the outstanding shares in the suspense account lying at the beginning of the year; | 1 | 14 |
| b. | Number of shareholders who approached listed entity for transfer of shares from suspense account during the year; | 0 | 0 |
| c. | Number of shareholders to whom shares were transferred from suspense account during the year | 0 | 0 |
| d. | Aggregate number of shareholders and the outstanding shares in the suspense account lying at the end of the year; | 1 | 14 |
The Board confirms that the voting rights on these shares shall remain frozen till the rightful owner of such shares claims the shares.
There was no material deviation/variation in use of proceeds of the issue. The issue proceeds were utilized for working capital requirements of the company as defined in objects of the issue.
In compliance with the provisions of Section 149 & 152 read with Schedule IV and all the other applicable provisions of Companies Act, 2013 and Companies (Appointment and Qualification of Directors) Rules, 2014 and SEBI (LODR) Regulations, 2015, the composition of board of directors of the company is as follows:
| S. No. | Name | DIN/PAN | Designation |
| 1. | Mr. Praveen Kataria | 00088633 | Managing Director |
| 2. | Mr. Arvind Kataria | 00088771 | Whole Time Director & CFO |
| 3. | Mr. Kanti Lal Kataria | 00088599 | Non-Executive Director |
| 4. | Ms. Suhani Kataria | 09012104 | Non-Executive Director |
| 5. | Mr. Anil Kumar Mehta | 07657024 | Independent Director |
| 6. | Ms. Madhubala Jain | 07657026 | Independent Director |
| 7. | Ms. Krutika Maheshwari | AVJPM3289R | Company Secretary and Compliance Officer |
In accordance with the provisions of Section 152 of the Companies Act, 2013 and in terms of the Articles of Association of the Company Mr. Arvind Kataria, Director (DIN: 00088771) is liable to retire by rotation and being eligible, seeks re- appointment at the ensuing Annual General Meeting. The Board of Directors recommends his re- appointment. Mr. Arvind Kataria is not disqualified under Section 164(2) of the Companies Act, 2013.
Brief resume of director proposed to be reappointed, nature of his experience in specific functions and area and number of public companies in which he holds membership/chairmanship of Board and Committees, Shareholdings and inter- se relationships with other directors as stipulated under Regulation 36 (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are provided in the Annexure to the Notice of AGM forming part of the Annual Report.
14. Committees of Board and Number of Meetings of the Board
The Board currently has four committees, namely, Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, and Stakeholders Relationship Committee. All the recommendations made by the Committees of Board including the Audit Committee were accepted by the Board.
The Board met Seven times during the year under review. The maximum gap between two Board meetings did not exceed 120 days. A detailed update on the Board, its Committees, its composition, and terms of reference of various Board Committees, number of board and committee meetings held and attendance of the directors at each meeting is provided in the Report on Corporate Governance.
| S. No. | Date of board meeting |
| 1. | May 30, 2025 |
| 2. | June 24, 2025 |
| 3. | August 14, 2025 |
| 4. | September 05, 2025 |
| 5. | November 14, 2025 |
| 6. | February 14, 2026 |
| 7. | March 05, 2026 |
| S. No. | Name of director | Number of Board Meetings Held | Attended |
| 1. | Kanti Lal Kataria | 7 | 7 |
| 2. | Praveen Kataria | 7 | 7 |
| 3. | Arvind Kataria | 7 | 7 |
| 4. | Suhani Kataria | 7 | 5 |
| 5. | Anil Kumar Mehta | 7 | 7 |
| 6. | Madhubala Jain | 7 | 7 |
For more details with respect to the Directors, Board and Committee meetings held during the year and attendance of these meetings, refer Corporate Governance Report which forms part of Directors Report.
Pursuant to the provisions of clause (c) of sub- section (3) of Section 134 of the Companies Act, 2013, your directors state that
(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit of the company for that period; (c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (d) the directors had prepared the annual accounts on a going concern basis; and (e) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. (f) the directors had laid down internal financial controls to be followed by the company, which are adequate and are operating effectively. (g) the directors have devised proper systems to ensure compliance with the provisions of all applicable laws, and such systems are adequate and operating effectively.
In compliance with the provisions of Section 134 (3) (p) of the Act read with Rule 8(4) of the Companies (Accounts)
ules, 2014, the board carried out annual evaluation of its own performance, that of its Committees and individual directors.
The performance of board and its committees was evaluated by the board after seeking input from all the directors on the basis of the criteria, such as composition and structure of the Board, quality of deliberations, effectiveness of the procedures adopted by the Board, participation at the Board and committee meetings, governance reviews etc. Performance of individual directors was evaluated on the basis of criteria like transparency, analytical abilities, qualifications, leadership qualities, experience, participation in the long- term strategic planning and responsibilities shouldered.
The Committees of the Board were assessed on the basis of degree of fulfillment of key responsibilities, adequacy of committee, composition and effectiveness of meetings. The Company has appointed Mr. Anil Kumar Mehta as Chairman of the Board. The Chairman appointed for the Board Meetings was also evaluated by all the Directors on the basis of managing relations, leadership, competence and diligence.
The performance evaluation of Independent Directors was carried out by the entire Board, excluding the Director being evaluated. The performance evaluation of the Chairman appointed for the Board meeting and the Non- Independent Directors was carried out by the Independent Directors who also reviewed the performance of the Board as a whole. The Board of Directors expressed their satisfaction with the evaluation process.
All the Independent Directors have submitted their disclosures to the Board that they fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, so as to qualify themselves to be appointed as Independent Directors under the provisions of the Companies Act, 2013 and the relevant rules.
A separate meeting of Independent Directors was held on May 30, 2025 which was attended by all the Independent Directors, viz., Shri Anil Kumar Mehta and Smt. Madhubala Jain.
Pursuant to the SEBI Listing Regulations, the Company has devised a familiarization programme for the Independent Directors, with a view to familiarize them with their role, rights and responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc. Through the familiarization programme, the Company apprises the independent directors about the business model, corporate strategy, business plans and operations of the Company. These directors are also informed about the financial performance, annual budgets, internal control system, statutory compliances etc. They are also familiarized with Companys vision, core values, ethics and corporate governance practices. At the time of appointment of independent director, a formal letter of appointment is given to them, which explains their role, responsibility and rights in the Company. Subsequently they are apprised of the Companys policies on CSR, nomination and remuneration, plant safety, HR, succession policy for directors and senior management. They are updated with global business scenario, marketing strategies, legislative changes etc. Factory visits are arranged to apprise them of various operational and safety aspects of the plants to get complete understanding of the activities of the Company. Details of familiarization programme of Independent Directors are available on the website of the Company under Investors section at https://dpwires.co.in/policy/
Statement regarding opinion of the Board with regard to integrity, expertise and experience (including the proficiency) of the Independent Directors appointed during the year
The Board of Directors reviewed the declarations as mentioned in point no. 17 and have positive outlook towards the integrity and expertise of the Independent Directors. Pursuant to provisions of Companies (Appointment and Qualifications of Directors) Rules, 2014, the Independent directors are exempt from the requirement to undertake online proficiency self- assessment test conducted by Indian Institute of Corporate Affairs (IICA), Manesar.
The Board has, on the recommendation of the Nomination and Remuneration Committee, framed and adopted the Nomination and Remuneration Policy for selection, appointment and removal of directors, senior management, key managerial personnel (KMP) including their remuneration. The Board recognizes that various Committees of the Board have very important role to play to ensure highest standards of corporate governance. The Chairman of the Board and other directors form broad policies and ensure their implementation in the best interests of the Company. The criteria for selection of directors, senior management and KMP are mainly qualifications, experience, expertise, integrity, independence of the directors, etc. The remuneration to non- executive directors consists of sitting fees for attending Board/Committee meetings and other reimbursements. All the non- executive, non- promoter directors are paid sitting fee on uniform basis. The Independent directors are not entitled to any stock options under the Stock Option Plans of the Company. The remuneration to the Managing Director and
other Executive Directors consists of monthly salary, allowances, perquisites, commission and other retirement benefits. The remuneration payable to them is as per approval of the members of the Company. The overall managerial remuneration payable to them shall not exceed 10% of the net profits of the Company. In respect of senior management, the remuneration is based on their performance, Companys performance, individual targets achieved, industry benchmark and compensation trends in the industry. Their remuneration consists of monthly salary, bonus, perquisites, KPI and other retirement benefits. The Nomination and Remuneration Policy is available on the website of the Company under Investors section at https://dpwires.co.in/policy/
As the company is involved in the manufacturing of Steel wires, plastic pipes and plastic films, the basic skill required in directors is that of technical expertise to monitor the manufacturing operations properly. Further the directors must possess excellence in financial and communication skills. The directors must have very good liaising abilities. All the executive directors of the company possess all of the above expertise. Our Managing Director, Mr. Praveen Kataria is technical expert having vast experience of 30 years in the field. Mr. Arvind Kataria, Whole time director and CFO is an expert in financial matters as well as an ardent communicator. Further our non- executive director Mr. Kantilal Kataria with a vast experience of 50 years is an asset for the company. The company was able to make remarkable progress under his able guidance. Ms. Suhani Kataria is an Engineering Graduate and has young and dynamic personality. She contributed towards technological advancement of the Company and the upgradation and improvement in manufacturing processes.
Details of Loans, investment, guarantee and security given during the year is as per Note no. 10 of the Financial Statements attached.
All related party transactions entered into during the year were on arms length basis and were in the ordinary course of business. Details of all material related party transactions made by the Company with promoters, directors, key managerial personnel or other designated persons are attached in Form AOC- 2 attached as Annexure I. Prior omnibus approval of the Audit Committee is obtained for related party transactions which are repetitive in nature and in case such transactions exceed the limits approved through the omnibus approval, the transactions are subsequently ratified. The transactions entered into pursuant to the omnibus approval so granted are reviewed on a quarterly basis by the Audit Committee. Prior approval of shareholders for material related party transactions in terms of 2 (1) (zc) and Rule 23 (4) of SEBI (LODR) was obtained at the Extra Ordinary General Meeting held on March 20, 2025. Detailed disclosure on related party transactions as per Ind AS- 24 containing name of the related party and details of the transactions entered with such related party have been provided under Notes to financial statements. Disclosure on related party transactions on half yearly basis is also submitted to the stock exchange. The policy on related party transactions as approved by the Board is available on the website of the Company under Investors section at https://dpwires.co.in/policy/
As the company is not having any holding or subsidiary company, disclosure in accordance with the provisions of Section 197 (14) regarding receipt of commission by managing or whole- time director of the company from holding or subsidiary of the company is not applicable.
The ratio of remuneration of each Director to the median of employees remuneration as per Section 197 (12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of the Boards Report under Annexure - II.
None of the employees including managerial personnel draws in excess of the limits prescribed under Section 197 (12) of the Companies Act, 2013 read with rules 5 (2) and 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 which needs to be disclosed in the Directors report.
In terms of the provisions of Section 197 (12) of the Act read with Rules 5 (2) and 5 (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, list of the top 10 employees in terms of remuneration forms part of the Boards Report under Annexure - III.
The Company incurred CSR Expenditure of Rs. 89.31 Lakh. The CSR initiatives of the Company were under the area of distribution of food and items of basic necessities, eradication of hunger and poverty, health & hygiene, education, animal protection, promotion of culture and religion etc. The CSR Policy of the Company is available on the website of the Company at https://dpwires.co.in/policy/ .
The details about CSR spending of the Company are updated in the annual report of the Companys CSR activities for the financial year ended March 31, 2026. The Companys CSR Policy statement and annual report on the CSR activities undertaken during the financial year ended March 31, 2026, in accordance with Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 is set out in Annexure IV to this report.
In compliance with Regulation 34 of the Listing Regulations, a separate report on Corporate Governance along with a certificate from a Company Secretary in Whole Time Practice on its compliance is attached at Annexure V and forms part of this Annual Report.
There were no material changes and commitment affecting the financial position of the Company which occurred between the end of the financial year of the Company and date of the Report.
The Company has complied with all the applicable Secretarial Standards and laws during the year.
The details of conservation of energy, technology absorption, foreign exchange earnings and outgo in terms of Section 134 (3) (m) read with Rule 8 (3) of the Companies (Accounts) Rules, 2014 are given in Annexure- VI which forms part of this Report.
As the company is not having any subsidiary/joint venture/associate companies, the details in terms of Section 134 (3) (q) read with Rule 8 (5) (iv) of the Companies (Accounts) Rules, 2014 are nil.
The investor complaints are processed in a centralized web- based complaints redressal system. The salient features of this system are centralized database of all complaints, online upload of Action Taken Reports (ATRs) by the concerned companies and online viewing by investors of actions taken on the complaint and its current status. Your Company has been registered on SCORES and makes every effort to resolve all investor complaints received through SCORES or otherwise within the statutory time limit from the receipt of the complaint. The Company has not received any complaint on the SCORES during financial year 2025- 26.
There were no outstanding deposits within the meaning of Sections 73 and 74 of the Act read with rules made thereunder at the end of financial year 2025 - 2026 or the previous financial years. Your Company did not accept any deposit during the year under review.
No significant or material orders are passed during the financial year by the regulators or courts or tribunals which might impact the going concern status and companys operation in future.
Your Company has put in place adequate internal financial controls with reference to the financial statements, some of which are outlined below:
Your Company has adopted accounting policies which are in line with the Accounting Standards prescribed in the Companies (Accounting Standards) Rules, 2006 that continue to apply under Section 133 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and relevant provisions of the Companies Act, 1956, to the extent applicable.
Marinating a system of strict internal control, including suitable monitoring procedures, your company has always believed that transparency, systems and controls are important factors in the success and growth of any organization.
The Company has an adequate system of internal control and systems are established to ensure that financial and other records are reliable for preparing financial statements.
Internal Audit Reports and significant audit observations, if any, are brought to the attention of the Audit Committee of the company. The internal controls existing in the Company are considered to be adequate vis- a- vis the business requirements.
Your Company ensures adequacy with its current size and business, to ensure operational efficiency, protection and conservation of resources, accuracy and promptness in financial reporting and compliance of laws and regulations. It is supported by the internal audit process and will be enlarged to be adequate with the growth in the business activity.
The Board had appointed M/s M. P. Turakhia & Associates, Cost Accountants (Firm Registration No.: 000417), as Cost Auditor for conducting audit of cost records of the Company for the Financial Year 2025 - 26.
As the Cost Audit Report is under preparation, Board cannot comment about observation of the Cost auditors.
The company has not given any loan to any of the employees for purchasing its shares.
41. Disclosure under Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal), Act, 2013
The Company has zero tolerance for sexual harassment at workplace and follows the in- principal approach towards prevention, prohibition and redressal of sexual harassment of women at workplace. The Company has incorporated strong internal system to ensure healthy working environment without fear of prejudice, gender bias and sexual harassment. The statement regarding no. of complaints is as follows:
| A | Number of complaints of Sexual Harassment received in the Year | Nil |
| B | Number of Complaints disposed off during the year | Nil |
| C | Number of cases pending for more than ninety days | Nil |
The Board states that there were no cases or complaints filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 during the year.
In terms of requirement of Clause 23 (j) Extract of Boards Report, we submit following details in respect of employees as on closure of financial year:
| S. No. | Particulars | No. of employees |
| a. | Female | 03 |
| b. | Male | 45 |
| c. | Transgender | 0 |
| Total | 48 |
The Company has not issued equity shares with differential rights as to dividend, voting or otherwise;
The company has not issued Sweat Equity Shares or Shares to its employees under Employee Stock Option Scheme during the financial year.
50. AuditorsThe Auditors, M/s Dilip K. Neema and Associates, Chartered Accountants, Indore, were appointed as statutory auditors for a period of 5 years from the conclusion of 26th Annual General Meeting till the conclusion of 31st Annual General Meeting. The auditors have given a declaration to the company to the effect that the auditor/firm is not disqualified to continue as auditor in terms of the provisions of Section 141 of the Companies Act, 2013 read with Rule 4 and Rule 10 of the Companies (Audit & Auditors) Rules, 2013.
Your Company has adopted a whistle blower policy and has established the necessary vigil mechanism for directors and employees in confirmation with Section 177 of the Act and Regulation 22 of SEBI Listing Regulations, to facilitate reporting of the genuine concerns about unethical or improper activity, without fear of retaliation.
The vigil mechanism of your Company provides for adequate safeguards against victimization of whistle blowers who avail of the mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases.
No person has been denied access to the Chairman of the Audit Committee. The said policy is uploaded on the website of your Company at https://dpwires.co.in/policy/
During the year under review, your Company did not receive any whistle blower complaints.
The Company has in place a Code of Conduct (Code) which is applicable to the Members of the Board and the Senior Management of the Company. The Code lays down the standard of conduct expected to be followed by the Directors and Senior Management in their business dealings and on matters relating to integrity in the workplace, dealings with stakeholders and in business practices. This Code is intended to provide guidance to the Board of Directors and Senior Management of the Company to manage the affairs of the Company in an ethical manner and is formulated in accordance with the requirements of the Act and SEBI Listing Regulations.
All the Board Members and the Senior Management employees (as defined in the Code of Conduct) have confirmed compliance with the Code for the year by providing adequate disclosures in this regard which were placed before the Board. The Code is also available on the Companys website at https://www.dpwires.co.in/investors/policies- code- of- conduct/.
The shares of the Company are listed on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE). The company has paid listing fees to the Stock Exchange on time. Bigshare Services Private Limited, Mumbai is the Registrar & Transfer Agents (RTA) in respect of the equity shares.
Your Directors convey a sense of high appreciation to all the employees of the company for their hard work, dedication, continued commitment and significant contributions. Your Directors are grateful to acknowledge the support and cooperations received from various departments of the Central and State Governments, members, business associates, analysts, banks, financial institutions, customers, distributors and suppliers and all the stakeholders.
Statements in the Directors Report and the Management Discussion and Analysis describing the Companys objectives, expectations or predictions, may be forward looking within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could influence the Companys operations include: global and domestic demand and supply conditions, availability of critical materials and their cost, changes in government policies and tax laws, economic development of the country, and other factors which are material to the business operations of the Company.
For & on behalf of the Board of Directors
Sd/- Sd/-
Place : Ratlam Date : September 05, 2026
Anil Kumar Mehta Chairman (DIN: 07657024) 90/3, Sajjan Mill Road, Sajjan Mill Ratlam, Madhya Pradesh, India 457001
Praveen Kataria MD (DIN: 00088633) 63, Ghas Bazar, Ratlam, Madhya Pradesh, India 457001
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