DP Wires Ltd. today confirmed that all resolutions

DP Wires Ltd. today confirmed that all resolutions at its 28th Annual General Meeting (AGM) held on September 30, 2026, were passed with overwhelming shareholder support, while its stock surged 20% to lock at the upper circuit at ₹196.78. This marks a strong governance outcome and a sharp market rally, despite the company reporting a 22.6% revenue decline for FY26. 📊 Key AGM Highlights (30 Sept 2026) All three resolutions passed with requisite majority: Adoption of FY26 audited financials – 100% approval. Re-appointment of Arvind Kataria (Whole Time Director & CFO) – 99.8% approval. Ratification of Cost Auditor’s remuneration for FY27 – 100% approval. Chairman: Independent Director Anil Kumar Mehta presided. Auditors’ Reports: Statutory auditor gave a clean report; secretarial auditor flagged minor compliance delays, which management committed to rectify. 📈 Stock Market Update (5 Oct 2026) Price Movement: Locked at upper circuit of 20%, closing at ₹196.78. Volume: 3.32 lakh shares traded, turnover ₹6.31 crore. Trend: Stock has gained 24.22% over the last 4 days, trading above all key moving averages (5-day, 20-day, 50-day, 100-day, 200-day). Market Cap: ~₹268 crore, classifying it as a micro-cap. Delivery Volume: Declined sharply, suggesting speculative trading rather than long-term accumulation.