Split12 Aug 2026, 01:44 pm
Bansal Wire approves 1:5 stock split, appoints new director
AI Summary
Bansal Wire Industries Ltd announced a stock split of 1:5, where each equity share of face value ₹5 will be divided into 5 equity shares of face value ₹1. This corporate action is subject to shareholder approval. The Board of Directors also approved the appointment of Shri Ramesh Kumar Choubey as an Additional Director (Non-Executive, Independent) for five years, effective August 12, 2026. Concurrently, the resignation of Smt. Sunita Bindal as an Independent Director was accepted. The company also fixed September 17, 2026, as the date for its 41st Annual General Meeting, which will be held via video conferencing.
Key Highlights
- Bansal Wire announces 1:5 stock split, subject to shareholder approval.
- New independent director appointed for a five-year term.
- Resignation of an existing independent director accepted.
- 41st Annual General Meeting scheduled for September 17, 2026.
- Capital clause of Memorandum of Association to be altered post-split.
Price Impact
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