BWL Ltd to seek approval for ₹2 Cr borrowing at 54th AGM

BWL Limited has announced its 54th Annual General Meeting (AGM) to be held on September 17, 2026, via Video Conferencing. The key agenda item is the approval of a special resolution to borrow 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 company's net worth is negative, necessitating shareholder approval for such borrowing. The AGM will also address the adoption of audited financial statements for the year ended March 31, 2026. Remote e-voting facilities will be available.