Bansal Wire approves 1:5 stock split, appoints new director
Bansal Wire Industries Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved a sub-division of its equity shares. Each existing equity share with a face value of ₹5 will be split into five equity shares of ₹1 each. This corporate action is subject to shareholder approval. The Board also approved the alteration of the Memorandum of Association's capital clause to reflect this split. Additionally, the Board approved the appointment of Shri Ramesh Kumar Choubey as an Additional Director (Non-Executive, Independent Director) for a term of five years, effective August 12, 2026, pending shareholder approval. The resignation of Smt. Sunita Bindal as an Independent Director was also accepted. The company also fixed September 17, 2026, as the date for its 41st Annual General Meeting.
Key Highlights
- Board approved a 1:5 stock split of equity shares.
- Appointment of Shri Ramesh Kumar Choubey as Additional Director approved.
- Resignation of Smt. Sunita Bindal as Independent Director accepted.
- 41st Annual General Meeting scheduled for September 17, 2026.
- Alteration in Memorandum of Association capital clause approved.
Price Impact
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