Bansal Wire Industries Limited has fixed Friday, October 16, 2026, as the record date to determine eligibility for the sub-division of its equity shares. This corporate action aims to enhance liquidity and broaden the shareholder base by reducing the face value of individual shares.

The Board of Directors approved this fixation pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision follows the shareholders' approval obtained during the Annual General Meeting held on September 17, 2026. The company had previously intimated exchanges about the proposed split on August 12, 2026.

Under the approved scheme, one existing equity share with a face value of ₹5 will be sub-divided into five new equity shares, each carrying a face value of ₹1. These new shares will rank pari-passu in all respects with existing shares. The sub-division is fully paid-up.

Key Terms of Sub-division

Shareholders holding shares in demat or physical form on the record date will be eligible for the revised number of shares. The company stated that this information is hosted on its official website for investor reference. No financial performance metrics were disclosed in this specific intimation.

Bansal Wire Industries reported a 19% rise in consolidated revenue to ₹4,160 crore for FY26, alongside a 17% increase in EBITDA to ₹324 crore, according to the transcript of its 41st Annual General Meeting held on September 17, 2026.

The company achieved its highest-ever annual volume of approximately 4,58,000 tonnes. Profit after tax grew 10% to ₹161 crore. The board approved all six resolutions, including the re-appointment of Chairman Arun Gupta and the appointment of Ramesh Kumar Choubey as Independent Director.

Financial Performance and Balance Sheet

Management highlighted strong operational metrics alongside the financial results. The debt-to-equity ratio stood at a robust 0.39 times. Operating cash flow reached ₹330 crore in FY26, significantly exceeding the internal target of ₹250 crore. This performance has led management to revise the two-year cash flow target from ₹600 crore to ₹800 crore across FY26 and FY27.

The company plans to fund planned capital expenditure of ₹200-250 crore primarily through internal accruals, maintaining financial discipline without significant debt addition.

Capacity Expansion and Product Diversification

A key driver of growth was the expansion of the Dadri facility, which added 1,20,000 tonnes of capacity. This brought the total installed capacity to approximately 6,80,000 tonnes per annum. Capacity utilization stood at about 70%, with historical levels ranging between 85-90%.

The company is diversifying into value-added wire solutions:

• Specialty Wires: IHT Wires scaled ahead of plan, with Phase 2 expansion increasing capacity from 9,000 to 15,000 tonnes. Commercial production of brass-coated hose wire commenced.
• Steel Tyre Cord: Technical approvals were received from two global tyre companies, with trial products supplied. Commercial sales are expected within three to four quarters.
• B2C Segment: Expansion into farming, fencing, and poultry wires now contributes nearly 10% of total revenue. The long-term internal target is for 50% of low-carbon wires to come from this segment.

Strategic Outlook and Market Position

Managing Director and CEO Pranav Bansal outlined a strategy to increase market share from approximately 7% towards 10% in the near future. The medium-term objective is to achieve double-digit EBITDA margins through better product mix and higher utilization.

Exports have expanded to nearly 40 countries, providing resilience against domestic volatility. The company maintains a cost-plus business model, passing on raw material fluctuations to customers with a lag of 40-45 days, which helps protect margins against input cost volatility.

AGM Voting Results

Shareholders approved all agenda items via remote e-voting. The re-appointment of Arun Gupta received 90.49% votes in favour overall, though institutional investors cast only 52.33% votes in favour, indicating notable dissent. Other resolutions, including the appointment of R.K. Choubey and the equity share split, received near-unanimous support.

What the Numbers Show

The divergence between the strong top-line growth (19%) and the more moderate profit growth (10%) suggests margin pressure or increased operating costs despite volume expansion. However, the significant beat in operating cash flow (₹330 crore vs ₹250 crore target) indicates improved working capital efficiency and inventory rationalization. The revision of the cash flow target to ₹800 crore signals management confidence in sustaining this operational efficiency while funding capex internally.