Bharat Wire Ropes Ltd. Announces 40th AGM on Sep 25, 2026, with E-voting
Bharat Wire Ropes Limited will hold its 40th AGM on September 25, 2026, via VC/OAVM. Key agenda items include adopting financial statements, declaring a dividend, appointing statutory auditors (M/s. Borkar & Muzumdar) for five years at ₹20 Lakhs p.a., and ratifying cost auditor remuneration. Re-appointment and remuneration for Whole-Time Director Sushil Sharda are also on the agenda.
The AGM involves important corporate decisions such as auditor appointments, director re-appointments, and dividend declarations, which can have a medium-term impact on governance and financial operations.
The announcement is a routine corporate event (AGM notice) with standard agenda items and does not contain any particularly positive or negative financial news or outlook.
Bharat Wire Ropes Limited has announced its 40th Annual General Meeting (AGM) to be held on Friday, September 25, 2026, at 12:30 PM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), with no physical presence of members required. The notice of the AGM, along with the Annual Report for the financial year ended March 31, 2026, is available on the company's website.
Key agenda items for the AGM include the adoption of audited financial statements, declaration of a final dividend on Compulsory Convertible Preference Shares (CCPS), the appointment of a Director retiring by rotation, and the appointment of M/s. Borkar & Muzumdar as Statutory Auditors for a term of five years with a remuneration of ₹20,00,000 plus GST and expenses. The remuneration for the Cost Auditor, Mr. Dilip M. Bathija, for FY 2026-27, set at ₹1,25,000 plus GST and expenses, will also be ratified.
Furthermore, the shareholders will consider and approve the remuneration for Mr. Sushil Sharda, Whole-Time Director, effective from April 1, 2026, at ₹89,04,000 per annum, along with other benefits. The AGM will also seek approval for the re-appointment of Mr. Sushil Sharda as Whole-Time Director for a period of five years from May 19, 2027, to May 18, 2032, with terms and remuneration as detailed in the explanatory statement.
E-voting for the AGM will commence on Monday, September 21, 2026, at 9:00 AM IST and conclude on Thursday, September 24, 2026, at 5:00 PM IST. The cut-off date for determining eligibility for e-voting is Friday, September 18, 2026.
A plain-language summary of a public exchange filing by Bharat Wire Ropes Limited. Read the original for the full detail.