BWL Limited

Meeting Details

  • Date: Thursday, 17th September, 2026
  • Time: 11:00 A.M. (IST)
  • Mode: Video Conferencing (VC) or Other Audio-Visual Means (OAVM)

Agenda Items

Ordinary Business

1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2026 together with the reports of the Board of Directors and the Auditors thereon.

Special Business (Special Resolution)

2. Approval of Borrowing:

  • Resolution to borrow up to ₹2 crore (two crore) together with money already borrowed, in a single financial year
  • Pursuant to Section 180(1)(c) and other applicable provisions of the Companies Act, 2013
  • Board of Directors authorized to enter into borrowing contracts with any party, individual or corporate bank/financial institution, including related parties
  • Company Secretary Shri Subrata Kumar Ray and/or Shri Sandeep Khetawat, Executive Director authorized to execute required documents

Explanatory Statement for Special Resolution

  • Company requires borrowing to meet regular expenditure
  • No current income of the company - expenditures being made after borrowing from promoter directors and their relatives
  • Approval required for borrowing beyond threshold limit under Section 102 of Companies Act, 1956
  • Net worth of the company is negative, requiring shareholder approval on Board's recommendation
  • Board recommended the resolution for borrowing to be placed in AGM for shareholder approval

Interested Parties

  • None of the directors, KMPs other than promoter directors Shri Sunil Khetawat and Shri Sandeep Khetawat are interested in the resolution
  • Both promoter directors hold more than 2% shares in M/S Kumi Agro Private Ltd and M/s Sulabh Sales Pvt. Ltd.
  • BWL Limited may borrow from these two companies

Voting Arrangements

  • Remote e-voting period: Thursday, 14th September, 2026 (9:00 AM IST) to Saturday, 16th September, 2026 (5:00 PM IST)
  • Cut-off date for voting rights: Monday, 10th September, 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Soma Saha, Practicing Company Secretary
  • Results declaration: Within two working days from conclusion of AGM

Additional Information

  • Members cannot appoint proxies for the VC/OAVM meeting
  • Register of Directors, KMP shareholding, related party contracts available for electronic inspection during AGM
  • Webcasting of AGM proceedings available on corporate website www.bhilaiwire.com
  • Members must register as speakers by email to khetawath@yahoo.com between 14-Sep-2026 and 16-Sep-2026 to ask questions

Financial Impact

Borrowing of up to ₹2 crore required to fund operational expenses due to absence of company income. Financial impact not quantified in the disclosure.