Event Details

BWL Limited held its 53rd Annual General Meeting on Saturday, 20th September 2025 at 4:30 PM (IST) at Steel Club, Sector – 8, Bhilai – 490 009 (C.G.), India.

Attendance

Members Present: 31 members attended in person

Directors Present:

  • Mr. Sunil Khetawat (Executive Chairman & MD)
  • Mr. Sandeep Khetawat (Whole time Director)
  • Ms. Amita Saha (Non-Executive Director)
  • Mr. Jahar Bagchi (Independent Director)

Key Managerial Personnel Present:

  • Mr. Subrata Kumar Ray (Company Secretary and Compliance Officer)
  • Mr. Shyam Niyogi (Chief Financial Officer)

Invitees Present:

  • Mr. Gautam Moitra (Partner, G Basu & Co., Chartered Accountants, Statutory Auditor)

Meeting Proceedings

The meeting had quorum present and was called to order. The Notice of the 53rd AGM along with Audited Financial Statements for year ended March 31, 2025 and directors' and auditors' reports were confirmed to have been sent within statutory time period.

Four resolutions were placed before the meeting, and a poll (show of hand) was conducted on each resolution.

Resolutions Passed

1. Ordinary Business: Adoption of Annual Accounts

Resolution: Unanimously passed

Details: Adoption of Balance Sheet as of March 31, 2025, Statement of Profit & Loss Account, Cash Flow Statement for financial year ended March 31, 2025, Statement of Changes in Equity Capital for FY 2024-25, and Reports of Auditors and Directors.

2. Special Business: Appointment of Independent Director

Item No. 2: Appointment of Ms. Soma Chakraborty (DIN-8825627) as Independent Director

Resolution Type: Ordinary resolution, passed unanimously

Term: 5 consecutive years up to AGM of 2030 or 6th August, 2030, whichever is earlier

Legal Basis: Sections 149 and 152 read with Schedule IV of Companies Act, 2013 and Companies (Appointment and Qualification of Directors) Rules 2014

3. Special Business: Reappointment of Managing Director & CEO

Item No. 3: Reappointment of Shri Sunil Khetawat (DIN: 00391080) as Managing Director & Chief Executive Officer

Resolution Type: Ordinary resolution

Effective Date: 01.04.2026

Term: 5 years

Remuneration Details:

  • Salary: ₹95,000 per month in the scale of ₹95,000 - ₹5,000 - ₹115,000
  • Commission: 1% of Net profits as per Section 197 of Companies Act, 2013, subject to ceiling of 50% of Annual Salary

Legal Basis: Sections 196, 197 and 203 read with Schedule V of Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

4. Special Business: Reappointment of Joint Managing Director

Item No. 4: Reappointment of Shri Sandeep Khetawat (DIN: 00391181) as Joint Managing Director

Resolution Type: Ordinary resolution, passed

Effective Date: 01.06.2026

Term: 5 years

Remuneration Details:

  • Salary: ₹91,000 per month in the scale of ₹91,000 - ₹5,000 - ₹1,11,000
  • Commission: 1% of Net profits as per Section 197 of Companies Act, 2013, subject to ceiling of 50% of Annual Salary

Legal Basis: Sections 196, 197 and 203 read with Schedule V of Companies Act, 2013 and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Additional Information

The proceedings summary is available on the Company's website at www.bhilaiwire.com.