StockWatch
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Iron & Steel Products
AGM/EGM12 Aug 2026, 01:56 pm

Bansal Wire Industries Fixes AGM Date, Approves Director Appointment & Share Split

AI Summary

Bansal Wire Industries Limited announced that its Board of Directors, in a meeting held on August 12, 2026, approved the appointment of Shri Ramesh Kumar Choubey as an Additional Director (Non-Executive, Independent) for five years, subject to shareholder approval. The Board also accepted the resignation of Smt. Sunita Bindal as an Independent Director. A significant decision was the approval of a sub-division of equity shares, splitting each existing share of face value ₹5 into five shares of face value ₹1 each, pending shareholder consent. The company has fixed the 41st Annual General Meeting for September 17, 2026, to be held via video conferencing.

Key Highlights

  • AGM date fixed for September 17, 2026.
  • New Additional Director appointed, subject to shareholder approval.
  • Resignation of an Independent Director accepted.
  • Equity shares to be sub-divided from ₹5 to ₹1 face value.
  • Board meeting held on August 12, 2026.