Financial Results Summary

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, reviewed by the Audit Committee and with Limited Review Report issued by statutory auditors M/s. Lodha & Co., Chartered Accountants.

Standalone Financial Performance (₹ in Lakhs):

  • Revenue from operations: ₹16,582.75
  • Other income: ₹1,068.07
  • Total income: ₹17,650.82
  • Total expenses: ₹15,129.08
  • Profit before tax: ₹2,521.74
  • Tax expense: ₹597.31 (Current tax: ₹355.18, Tax expense adjustment relating to earlier year: ₹242.13)
  • Profit for the period: ₹1,924.43
  • Other Comprehensive Income (net of tax): ₹4.84
  • Total comprehensive income: ₹1,929.27
  • Earnings per equity share (Basic & Diluted): ₹0.86
  • Paid-up equity share capital: ₹2,250.86 lakhs (face value ₹1 each)

Consolidated Financial Performance (₹ in Lakhs):

  • Revenue from operations: ₹16,599.80
  • Other income: ₹1,068.07
  • Total income: ₹17,667.87
  • Total expenses: ₹15,168.39
  • Profit before tax: ₹2,499.48
  • Tax expense: ₹595.42 (Current tax: ₹355.18, Deferred tax: ₹240.24)
  • Profit for the period: ₹1,904.06
  • Profit attributable to owners: ₹1,912.21
  • Other Comprehensive Income (net of tax): ₹4.82
  • Total comprehensive income: ₹1,908.88
  • Total comprehensive income attributable to owners: ₹1,917.04
  • Earnings per equity share (Basic & Diluted): ₹0.85
  • Paid-up equity share capital: ₹2,250.86 lakhs (face value ₹1 each)

Governance and Management Changes

1. Continuation of Directorship

Continuation of Mr. Joginder Pal Dua (DIN: 02374358) as a Non-Executive Independent Director beyond the attainment of age seventy-five years on August 5, 2027, subject to approval of shareholders at the ensuing Annual General Meeting.

Mr. Dua's profile: Aged 74 years, former General Manager - Corporate Credit at Oriental Bank of Commerce, former Chairman & Managing Director of Allahabad Bank, former Chairman of Board for Industrial & Financial Reconstruction (BIFR), and former Deputy Chairman of Indian Banks' Association.

2. Appointment of Company Secretary & Compliance Officer

Appointment of Ms. Neha Jain (ICSI Membership No.: A29956) as Company Secretary & Compliance Officer and Key Managerial Personnel with effect from August 14, 2026.

Ms. Jain's qualifications: Graduate from J.D. Birla Institute, Jadavpur University; Bachelor of Legislative Law (LLB) from Sarsuna Law College; Associate member of ICSI; Qualified CA PCE Examination. Brings over 16 years of experience in secretarial, compliance and legal functions, having worked with Shyam Metalics & Energy Limited and Shyam Steel Industries Limited.

3. Key Managerial Personnel for Materiality Determination

The following personnel are authorized to determine materiality of events and make disclosures to stock exchanges:

  • Mr. Harsh Kumar Bansal (Managing Director)
  • Mr. Vivek Kumar Bansal (Managing Director)
  • Mr. Ram Gopal Bansal (Chairman & Whole-time Director)
  • Mr. Vikram Kapur (Chief Financial Officer)
  • Ms. Neha Jain (Company Secretary cum Compliance Officer)

Capital Structure Changes

4. Reclassification of Authorised Share Capital

Reclassification of existing authorised share capital to 67,94,00,000 Equity Shares of Re.1/- each, aggregating to ₹67,94,00,000/- (Rupees Sixty-Seven Crores Ninety-Four Lakhs Only), without any change in the aggregate amount of authorised share capital. Subject to approval of shareholders at the ensuing Annual General Meeting.

5. Alteration of Memorandum and Articles of Association

Adoption/alteration of Memorandum of Association and Articles of Association in line with provisions of Companies Act, 2013, subject to shareholder approval at ensuing AGM.

Policy Amendments and Appointments

6. Amendment to Risk Management Policy

The Board approved amendments to the Risk Management Policy. The updated policy will be made available on the company website at www.bmwil.co.in.

7. Record Date for AGM and Dividend

The Board fixed the record date as Saturday, September 5, 2026 for remote e-voting and for determining eligibility for final dividend payment if approved at the AGM.

The Register of Members and Share Transfer Books will remain closed from Sunday, September 6, 2026 to Saturday, September 12, 2026 (both days inclusive).

8. Appointment of Scrutinizer

Appointment of Mr. Raj Kumar Banthia, Practicing Company Secretary (ICSI Membership No.: 17190) as Scrutinizer for the e-voting process at the 44th Annual General Meeting.

9. 44th Annual General Meeting Details

The 44th AGM will be held on Saturday, September 12, 2026 at 11:30 AM through Video Conferencing/Other Audio-Visual Means. The Notice for AGM with Explanatory Statement was approved by the Board.

Income Tax Matter Disclosure

Pursuant to a search conducted under section 132 of the Income Tax Act, 1961 during FY 2023-2024, the company has received Assessment Orders for financial years 2015-2016 to 2021-2022 with demand notices aggregating to ₹394.55 lakhs.

  • ₹83.88 lakhs pertaining to FY 2015-2016, 2017-2018 and 2018-2019 has been paid and recognized under current tax for year ended March 31, 2024
  • Remaining demand of ₹310.68 lakhs is under appeal before Income Tax Appellate Tribunal
  • Impact of pending amount is presently not ascertainable
  • Management believes the allegations by Income Tax Authorities are not tenable

Auditor Review

The financial results were subject to limited review by statutory auditors Lodha & Co. LLP (Firm Registration No.: 301051E/E300284), who issued an unmodified review conclusion stating nothing came to their attention causing belief that the financial results contain material misstatement.

Meeting Details

The Board meeting commenced at 12:30 PM and concluded at 2:30 PM on August 14, 2026.