Bansal Wire Industries Approves 1:5 Equity Share Split
Bansal Wire Industries Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved the sub-division of its equity shares. One existing equity share of face value ₹5 will be split into five equity shares of face value ₹1 each. This corporate action is subject to shareholder approval. The Board also approved the alteration of the Memorandum of Association to reflect this change. Additionally, the Board approved the appointment of Shri Ramesh Kumar Choubey as an Additional Director (Non-Executive, Independent) for a five-year term and accepted the resignation of Smt. Sunita Bindal as an Independent Director. The 41st Annual General Meeting is scheduled for September 17, 2026.
Key Highlights
- Board approved 1:5 equity share split, face value ₹5 to ₹1.
- 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 of Memorandum of Association approved for share split.
Price Impact
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