BWL LIMITED

Board Meeting Outcomes

The Board of Directors meeting commenced at 12:30 PM and concluded at 1:30 PM on 12th November, 2026. Key approvals included:

  • Based on Audit Committee recommendation, approved the draft Unaudited Quarterly Financial Statements for the quarter and half year ended September 2026
  • Approved other recommendations of the Audit Committee

Material Events

1. Jaspal Singh Matter at Delhi Court
  • The matter was heard on 10/03/2026 when both parties concluded their arguments
  • The bench decided in favor of BWL Limited on 01/07/2026 by upholding the arbitration award made in 2008
  • BSNL has appealed against the order but there is delay in appeal
  • BSNL has petitioned for condonation of delay, which is currently sub-judice
2. Loan Agreement with Kuml Agro Industries Ltd
  • Company has signed an agreement for refund of loan which was approved by the Board
3. Related Party Transactions
  • Company has taken loan from promoters, which amounts to Related Party transactions
  • This was placed and approved by the Board as noted by the Audit Committee

Financial Results for Quarter Ended September 30, 2026 (Unaudited)

Income Statement (₹ in Lakhs)

Revenue from Operations: ₹0.00

Other Income:

  • Interest receipts: ₹0.57
  • Total Other Income: ₹0.57

Total Revenue: ₹0.57

Expenses:

  • Employee benefits expense: ₹9.19
  • Finance cost: ₹0.85
  • Depreciation & amortization expense: ₹0.32
  • Legal & professional charges: ₹0.88
  • Other expenses: ₹6.76
  • Total Expenses: ₹18.00

Profit/(Loss) before tax: (₹17.42)

Tax Expenses: ₹0.00

Net Profit/(Loss) for the period: (₹17.42)

Total comprehensive income for the period: (₹17.42)

Earnings per share (not annualized):

  • Basic: (₹0.25)
  • Diluted: (₹0.25)

Financial Results for Half Year Ended September 30, 2026 (Unaudited)

Income Statement (₹ in Lakhs)

Revenue from Operations: ₹0.00

Other Income:

  • Interest receipts: ₹4.73
  • Sale of obsolete inventory/fixed assets: ₹1.64
  • Total Other Income: ₹6.37

Total Revenue: ₹6.37

Expenses:

  • Employee benefits expense: ₹17.21
  • Finance cost: ₹0.85
  • Depreciation & amortization expense: ₹0.64
  • Legal & professional charges: ₹2.55
  • Other expenses: ₹22.99
  • Total Expenses: ₹44.24

Profit/(Loss) before tax: (₹39.50)

Tax Expenses: ₹0.00

Net Profit/(Loss) for the period: (₹39.50)

Total comprehensive income for the period: (₹39.50)

Earnings per share (not annualized):

  • Basic: (₹0.55)
  • Diluted: (₹0.55)

Balance Sheet Position (₹ in Lakhs)

As at September 30, 2026:

Total Assets: ₹316.19

  • Non-current assets: ₹256.22
  • Property, plant and equipment: ₹11.26
  • Other financial assets: ₹241.91
  • Non-current tax asset: ₹3.05
  • Current assets: ₹59.97
  • Inventories: ₹0.25
  • Cash and cash equivalents: ₹53.80
  • Other financial assets: ₹4.54
  • Other current assets: ₹1.38

Equity and Liabilities:

  • Total Equity: (₹704.64)
  • Equity share capital: ₹700.92 (Face value ₹10 each)
  • Other equity: (₹1,405.56)
  • Non-current liabilities: ₹234.04
  • Borrowings: ₹234.04
  • Current liabilities: ₹786.79
  • Borrowings: ₹262.80
  • Other financial liabilities: ₹7.14
  • Other current liabilities: ₹500.07
  • Provisions: ₹16.78
  • Total Liabilities: ₹1,020.83

Cash Flow Statement for Half Year Ended September 30, 2026 (₹ in Lakhs)

Cash flow from operating activities:

  • Net cash used in operating activities: (₹62.04)

Cash flow from investing activities:

  • Proceeds from sale/disposal of fixed assets: ₹142.05
  • Interest received on deposits: ₹6.04
  • Net cash generated from investing activities: ₹148.09

Cash flow from financing activities:

  • Finance cost: (₹0.85)
  • Proceeds/(repayment) from loan: (₹83.32)
  • Net cash used in financing activities: (₹84.17)

Net increase/(decrease) in cash and cash equivalents: ₹1.87

Cash and cash equivalents at beginning of year: ₹51.93

Cash and cash equivalents at end of period: ₹53.80

Notes to Financial Results

1. In view of working capital constraints, manufacturing operation is still under suspension. The management is exploring possibilities to restart the unit with new product line.

2. The figures for the quarter ended 30th September, 2026 are balancing figures between the unaudited figures for the half year ended 30th September, 2026 and the figures reviewed for the first quarter of the relevant financial year.

3. The figures for the previous year/quarter have been regrouped and rearranged wherever necessary.

4. The unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th November, 2026. Statutory Auditors conducted the limited review for the Quarter/Half year ended 30th September, 2026 as required under Regulation 33 of SEBI (LODR) Regulations, 2015.

Auditor's Review

G. Basu & Co., Chartered Accountants (Firm Registration No. 301174E) conducted a review of the interim financial results in accordance with Standard on Review Engagements (SRE) 2410. Their review report dated 12th November, 2026 states that nothing has come to their attention that causes them to believe that the accompanying statement contains any material misstatement.