Divine Power Energy Approves Major Investment in Wireonix Private Limited and Plans INR 50 Crore NCD Issuance

Divine Power Energy Approves Major Investment in Wireonix Private Limited and Plans INR 50 Crore NCD Issuance​

Divine Power Energy Limited announced that its Board of Directors held a meeting on May 13, 2026, approving several strategic business decisions, including an investment that will make Wireonix Private Limited a subsidiary of the company, and the proposal to raise capital through Non-Convertible Debentures (NCDs).

The board meeting also approved the audited and reviewed financial results for the half-year and the full year ended March 31, 2026, alongside the Director's Report.

Financial Results Overview​

The company reported key financial metrics in its consolidated statements for the year ended March 31, 2026. The total income for the year was INR 62,748.22 Lakhs.

The consolidated financial results for the year ended March 31, 2026, are presented below:

Strategic Approvals and Investments​

During the board meeting, the company approved several key operational and financial proposals:

1. Subsidiary Investment:
The board approved the proposal to make an investment in Wireonix Private Limited, which is engaged in the manufacturing of Non-Ferrous Metals. The investment is slated to exceed 50% of the paid-up share capital, thereby establishing Wireonix Private Limited as a subsidiary of Divine Power Energy Limited. The company stated the objective of this acquisition is to invest in a private company operating in the same business segment, aiming for strategic business synergies and expansion.

2. Capital Raising:
The board approved the proposal to raise funds by issuing 5,000 Non-Convertible Debentures (NCDs). These debentures will be fully paid, unsecured, rated, listed, taxable, and transferable, each with a face value of INR 1,00,000/- (Indian Rupees One Lakh only). The total aggregate issue size is up to INR 50,00,00,000/- (Indian Rupees Fifty Crores Only) through a private placement basis.

3. Employee Stock Option Plan:
The board approved the introduction and implementation of the "Divine Power Energy Limited Employee Stock Option Plan 2026." This plan relates to 2,00,000 employee stock options.

4. Loan and Guarantee Approval:
The board also approved, subject to shareholder approval, the proposal to advance any loan, give guarantee, and/or provide security in connection with any loan.

Corporate Governance Updates​

The company also undertook critical governance and accounting updates:

• Auditors: The board approved the re-appointment of M/s. Sumit Bajaj and Associates as the Secretarial Auditors, and M/s. Pooja Verma & Co. as the Cost Auditors for the financial year 2026-2027. Furthermore, M/s. Grover Isha & Co. was appointed as the Internal Auditor for the same period.
• Management: The board approved the re-appointment of Mr. Vikas Talwar, who retires by rotation and offered himself for reappointment.
• Subsidiary Acquisition: The board reviewed the prior acquisition of Vimlesh Industries Private Limited (VIPL), which was completed when the company paid consideration amounting to INR 15,583.21 Lakhs, gaining a 100.00% stake in VIPL effective April 2, 2025.

Financial Position Highlights​

The consolidated balance sheet showed a significant increase in total equity and liabilities, reaching INR 33,701.25 Lakhs as of March 31, 2026, compared to INR 26,444.56 Lakhs at the previous year.

The key consolidated balance sheet figures are:

DPEL Stock Price Movement​

Today, Divine Power Energy Limited shares shed 2.10% to close at ₹498.4, marking a decline of ₹10.70 from its previous session. The stock settled today on a volume of 30,000 shares, suggesting moderate trading activity for the equity.