Date: September 23, 2026

Meeting Overview

The 41st Annual General Meeting of Bansal Wire Industries Limited was held on Thursday, September 17, 2026 at 12:00 Noon through Video Conferencing in accordance with the provisions of the Companies Act, 2013 and circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendees

Board Members & Management:

  • Mr. Arun Gupta - Chairman
  • Mr. Pranav Bansal - Managing Director and CEO
  • Mr. Umesh Kumar Gupta - Whole-time Director and Chief Operating Officer
  • Mr. Satish Prakash Aggarwal - Independent Director (Chairman of Audit, NRC and SRC Committee)
  • Mr. Piyush Tiwari - Independent Director
  • Ms. Ritu Bansal - Independent Director
  • Mr. Ramesh Kumar Choubey - Additional Director (Independent)
  • Mr. Ghanshyam Das Gujrati - Chief Financial Officer

Auditors & Scrutinizer:

  • Mr. Prateek Gupta - Representing statutory auditors
  • Mr. Ranjeet Tripathi - Representing secretarial auditors
  • Mr. Ashish Kumar Srivastava - Representing cost auditors
  • Mr. Naveen Shree Pandey - Scrutinizer (Practicing Company Secretary)

Financial Performance FY25-26

Consolidated Financial Highlights:

  • Revenue: ₹4160 crore (19% growth YoY)
  • EBIDTA: ₹324 crore (17% growth YoY)
  • Profit After Tax: ₹161 crore (10% growth YoY)
  • Debt-to-Equity Ratio: 0.39 times
  • Annual Volume: 458,000 tonnes (highest ever)
  • Operating Cash Flow: ₹330 crores generated in FY25-26

Operational Highlights

Capacity Expansion:

  • Expanded Dadri facility with 120,000 tonnes additional capacity
  • Total installed capacity increased to approximately 680,000 tonnes per annum
  • Achieved highest quarterly volume of 121,000 tonnes in Q3 FY26

Product Portfolio Development:

  • IHT Wires scaled ahead of plan, leading to Phase 2 expansion from 9,000 to 15,000 tonnes
  • Commenced commercial production of brass coated hose wire
  • Steel cord initiative progressed with technical approvals from two major global tyre companies
  • First trial product successfully supplied for steel cord
  • Specialty wire segments currently contribute 4-5% of total volumes
  • Expanded into poultry, fencing, and farming wires
  • B2C segment now contributes almost 10% of revenue
  • LRPC strands segment moved into commercial production
  • Total product portfolio: approximately 3,000+ SKUs across multiple sectors

Geographic Reach:

  • Export presence expanded to 40 countries

Strategic Outlook & Targets

Medium-term Objectives:

  • Move towards double-digit EBITDA margin
  • Improve asset productivity
  • Increase market share from approximately 7% towards 10%
  • Maintain 20% annual growth rate

Cash Flow Targets:

  • Original 2-year target: ₹600 crores across FY2025-26 & FY2026-27
  • Revised target: ₹800 crores (₹330 crores already achieved in FY26)
  • FY27 target: ₹400 crores
  • Q1 FY27 achievement: ₹120 crores cash flow despite disruptions

Capex Plans:

  • Planned capex: ₹200-250 crores
  • Primarily funded through internal accruals

CSR Initiatives

  • FY25-26 CSR spending: ₹3.10 crore in medical sector, education, and other fields
  • FY26-27 CSR target: Approximately ₹3.50 crore

Agenda Items & Resolutions

The meeting addressed six agenda items:

Ordinary Business:

1. To receive, consider and adopt the audited standalone financial statements for FY ending March 31, 2026, report of board of directors and auditors, and audited consolidated financial statements with auditors' report

2. To appoint a director in place of Shri Arun Gupta who retires by rotation

Special Business:

3. Ratification of remuneration of M/s Ashish and Associates, Cost Accountants as cost auditors for FY2026-2027 (Ordinary Resolution)

4. To approve appointment of Shri Ramesh Kumar Choubey as Independent Director for 5 consecutive years (Special Resolution)

5. To approve sub-division/split of equity shares (Ordinary Resolution)

6. To approve alteration of Capital Clause of Memorandum of Association (Ordinary Resolution)

Shareholder Q&A Highlights

Stock Split Rationale: Chairman stated the purpose is to increase shareholder family base and benefit existing shareholders through broader ownership.

Risk Management (LPG/Input Costs): Management explained their cost-plus business model where 80% raw material cost increases are passed to customers immediately. For consumables (20% of cost), they maintain 40-45 days inventory and orders to pass cost changes with a lag. This model was successfully tested during Q1 FY27 gas price increases.

B2C Segment Strategy: Expansion into farming, poultry, and fencing wires is an organic growth initiative to maintain 20% growth target. Company leverages existing manufacturing capabilities and strong brand presence (85 years in industry). Currently achieving 10% of revenue from B2C, with target of 50% of low carbon wires coming from this segment.

Steel Tyre Cord Timeline: Highly technical product with 2-2.5 year typical approval process. Company has received trial orders and completed first order. Expecting more trial orders and meaningful sales within 3-4 quarters.

Capacity Utilization: Current utilization at 70% of 680,000 tonnes capacity. Historical aim of 85-90% utilization while maintaining 20-25% excess headroom for annual growth.

Auditor Reports: Statutory auditor's report and secretarial auditor's report do not contain any qualifications, adverse observations, or comments that had adverse impact on company functioning.

Voting Process

  • Remote e-voting conducted through NSDL from September 13, 2026 (9 am) to September 16, 2026 (5 pm)
  • Members could also vote during 15 minutes after meeting conclusion
  • Results to be declared within prescribed time limit and uploaded to company website after stock exchange intimation