Event Details

The 41st Annual General Meeting (AGM) of Bansal Wire Industries Limited was held on Thursday, September 17, 2026, through Video Conferencing (VC). The meeting commenced at 12:00 Noon IST and concluded at 01:01 PM IST.

Attendance

72 members attended the AGM through video conferencing.

Directors Present:

  • Mr. Arun Gupta, Chairman and Whole-Time Director
  • Mr. Pranav Bansal, Managing Director and Chief Executive Officer
  • Mr. Umesh Kumar Gupta, Whole-Time Director and Chief Operating Officer
  • Mr. Satish Prakash Aggarwal, Independent Director, Chairman of Audit Committee, Nomination and Remuneration Committee & Stakeholders' Relationship Committee
  • Mr. Piyush Tiwari, Independent Director
  • Ms. Ritu Bansal, Independent Director
  • Mr. Ramesh Kumar Choubey, Additional Director (Independent Director)

In Attendance:

  • Mr. Sumit Gupta, Company Secretary and Compliance Officer

Invitees:

  • Mr. Ghanshyam Das Gujrati, Chief Financial Officer
  • Mr. Prateek Gupta, Representative of M/s Prateek Gupta & Company, Chartered Accountants (Statutory Auditors)
  • Mr. Ranjit Tripathi, Representative of M/s Ranjit Tripathi & Associates, Practicing Company Secretaries (Secretarial Auditors)
  • Mr. Ashish Kumar Srivastava, Representative of M/s Ashish & Associates, Cost Accountants (Cost Auditors)
  • Mr. Naveen Shree Pandey, Practicing Company Secretary (Scrutinizer)

Proceedings Summary

The meeting was conducted in accordance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from MCA and SEBI.

Remote e-voting was available from September 13, 2026 (9:00 AM IST) to September 16, 2026 (5:00 PM IST). Members who had not voted remotely were given the opportunity to vote through e-voting during the meeting.

Management presentations were made by:

  • Mr. Arun Gupta, Chairman, who briefed shareholders about significant progress, financial performance, current market situations, and future outlook
  • Mr. Pranav Bansal, MD & CEO, who discussed company operations, operational strategies, diversified product portfolio, financial and operational performance, sustainability initiatives, and strategic priorities for future growth and profitability

The Annual Report for FY 2025-26 along with the notice of the 41st AGM had been circulated to members. Statutory registers were available for inspection during the AGM.

Resolutions Considered

Ordinary Business:

1. Receipt, consideration, and adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, Report of Board of Directors and Auditors thereon, and Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors' Report

Special Business:

3. Ratification of Remuneration of M/s. Ashish & Associates, Cost Accountants, as Cost Auditor for FY 2026-27 (Ordinary Resolution)

4. Appointment of Shri Ramesh Kumar Choubey (DIN: 10545097) as Independent Director for five consecutive years (Special Resolution)

5. Sub-division/split of Equity Shares of the Company (Ordinary Resolution)

6. Alteration of Capital Clause of Memorandum of Association of the Company (Ordinary Resolution)

Auditor Reports

The Company Secretary informed that:

  • Statutory Auditors and Secretarial Auditors reports contained no qualifications
  • Observations/comments in the Statutory Auditors Report and Secretarial Auditors Report were duly addressed by the Company
  • These observations did not have any adverse impact on the functioning of the Company

Voting and Conclusion

After management addressed shareholder queries, e-voting was made available for 15 minutes after the conclusion of the meeting. The meeting concluded with a vote of thanks from the Chairman acknowledging the Board of Directors, employees, shareholders, investors, customers, and suppliers.