CWD Ltd

CWD Ltd has issued a notice for its 10th Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 3:00 PM IST. The meeting will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the reappointment of Mr. Sodagudi Siddhartha Xavier and Mr. Tejas Kothari as Joint Managing Directors, and the approval of related party transactions for the financial year 2026-27 onwards. The notice also details the maximum value for various types of transactions with related parties, including CWD Manufacturing Private Limited, SDG Global Private Limited, CWD Digital Platforms Private Limited, and Meshmerise Networks Private Limited.

CWD Limited has released its Annual Report for the Financial Year 2025-26, along with the Notice of its 10th Annual General Meeting (AGM). The AGM is scheduled for Wednesday, September 30th, 2026, at 03:00 P.M. (IST) and will be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The report details the company's operational highlights, including significant expansion of its manufacturing facility from 15,000 sq. ft. to 55,000 sq. ft. and an increased soundbox manufacturing capacity. CWD Limited, an integrated technology company founded in 2016, focuses on wireless communication and IoT solutions for sectors like digital payments and smart metering. The company emphasizes its in-house capabilities in product design, engineering, software development, and manufacturing, supported by sustained R&D investments. The annual report and AGM notice have also been uploaded to the company's website.

CWD Limited has announced the appointment of M/s Makwana Sweta & Associates as its Internal Auditor for the Financial Year 2026-27. The decision was made by the Board of Directors at a meeting held on August 25, 2026, based on the recommendation of the Audit Committee. Makwana Sweta & Associates is a Mumbai-based CA firm specializing in accounting, taxation, audit, virtual CFO, and financial advisory services, particularly for startups and SMEs. This appointment is in compliance with SEBI Listing Regulations.

CWD Limited has announced the re-appointment of Mr. Pravin Bansilal Kharwa as a Non-Executive Independent Director. The decision was made by the Board of Directors on August 25, 2026, based on the recommendation of the Nomination & Remuneration Committee. This re-appointment is for a second term of five years, effective March 19, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Kharwa, a Chartered Accountant, brings extensive expertise in financial auditing, reporting, and compliance across various sectors. He is not related to any other director on the board and has no other directorships or partnerships.

CWD Ltd's Board of Directors met on August 25, 2026, approving several key decisions. Mr. Pravin Bansilal Kharwa was re-appointed as a Non-executive Independent Director for a second term, subject to shareholder approval. M/s Makwana Sweta & Associates were appointed as Internal Auditors for FY 2026-27. The board also approved the allotment of 11,013 equity shares upon conversion of warrants and an additional 44,052 equity shares via a 4:1 bonus issue. This allotment increases the company's paid-up capital. Additionally, an omnibus approval was granted for related party transactions up to ₹150 Crores for FY 2026-27. The draft Board Report and Management Discussion and Analysis for FY 2025-26 were approved, and M/s. M Rupareliya & Associates were appointed as Scrutinizers for the 10th Annual General Meeting, with the notice and date for the AGM also finalized.

CWD Ltd announced the allotment of 11,013 equity shares following the conversion of warrants. Additionally, 44,052 bonus equity shares were allotted in a 4:1 ratio. This corporate action increases the company's paid-up capital from ₹22,75,97,400 to ₹22,81,48,050. The Board also re-appointed Mr. Pravin Bansilal Kharwa as Non-executive Independent Director, appointed M/s Makwana Sweta & Associates as Internal Auditor for FY27, and approved related party transactions up to ₹150 Crores for FY26-27. The meeting also discussed the draft Board Report and Management Discussion and Analysis for FY25-26, and appointed a scrutinizer for the 10th Annual General Meeting.

CWD Limited has announced the receipt of a significant purchase order valued at ₹87.53 Crores from India Post Payments Bank. The order entails the supply and integration of 5,29,500 payment soundboxes with a proprietary digital payment platform. The hardware rollout is scheduled over six months, followed by a three-year Service and Maintenance (S&M) operational lifecycle. This contract represents CWD's entry into large-scale supply for a Government of India department, supporting financial inclusion initiatives. The deal includes potential for scaling up to 33 lakh devices over three years and provides recurring revenue visibility through the S&M contract. Manufacturing will occur at CWD's facility in Mysore, emphasizing 'Make in India'.

CWD Ltd announced the allotment of 71,576 equity shares following the conversion of warrants. Additionally, 2,86,304 bonus equity shares were allotted in a 4:1 ratio. This corporate action increases the company's paid-up capital from ₹22,40,18,600 to ₹22,75,97,400. The new shares rank pari passu with existing ones. The allotment was made on a preferential basis to promoters and non-promoters upon receipt of the balance payment for the warrants.

CWD Ltd announced the allotment of 71,576 equity shares following the conversion of warrants. Additionally, 2,86,304 equity shares were allotted under a bonus issue in a 4:1 ratio. This corporate action increases the company's paid-up capital from ₹22,40,18,600 to ₹22,75,97,400. The new shares will rank pari passu with existing equity shares. The allotment was approved by the Board of Directors on July 22, 2026, and involved preferential allotment to promoters and non-promoters upon receipt of the balance payment for the warrants.

CWD Limited reported strong FY26 results driven by capacity expansion and robust demand. FY26 revenue reached ₹151 crores, a 346% YoY increase, while profit after tax (PAT) quadrupled to ₹12.3 crores. The company expanded its manufacturing footprint and secured significant orders for CNIC units and Weather Monitoring Systems (WMS). CWD anticipates continued growth in FY27, projecting revenue between ₹380-400 crores.