BWL Ltd to hold 54th AGM on Sep 17, 2026, to approve ₹2 Cr borrowing

BWL Limited has announced its 54th Annual General Meeting (AGM) to be held on September 17, 2026, via Video Conferencing. The meeting agenda includes the adoption of audited financial statements for the fiscal year ending March 31, 2026, and a special business item: approval for borrowing up to ₹2 crore. This borrowing is intended to meet regular expenditures, as the company currently has no income and relies on funds from promoter directors and their relatives. The resolution requires shareholder approval as a special resolution due to the company's negative net worth. The company has engaged NSDL for remote e-voting, which will commence on September 14, 2026, and end on September 16, 2026. The cut-off date for voting rights is September 10, 2026.