Bansal Wire promoter to sell 2.99% stake by Aug 31, 2026

Bansal Wire Industries Limited disclosed that Mrinaal Mittal, a member of its promoter group, intends to sell up to 2.99% of the total paid-up equity share capital to comply with minimum public shareholding requirements. The proposed sale involves the divestment of 46,82,916 equity shares of face value ₹5 each. The transaction is scheduled to occur in a single or multiple tranches between June 25, 2026, and August 31, 2026, or until the sale is completed, whichever is earlier.

The aggregate promoter and promoter group shareholding stood at 12,20,99,880 equity shares, representing 77.99% of the total paid-up equity share capital as on June 24, 2026. The company received an undertaking from the promoters confirming they will not purchase any equity shares in the open market on the dates the proposed sale is undertaken.

Details of the Proposed Sale

The disclosure was made in accordance with Rule 19(2)(b) and 19(A) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move follows a SEBI circular dated February 3, 2023, regarding the manner of achieving minimum public shareholding.

Particulars	Details
Seller	Mrinaal Mittal, Promoter Group Member
Shares proposed to be divested	Up to 46,82,916 Equity Shares
Percentage of stake	Up to 2.99% of total paid-up equity share capital
Sale period	June 25, 2026 to August 31, 2026
Purpose	To achieve minimum public shareholding

The company stated that the sale is subject to any other permissible methods of meeting minimum public shareholding as per applicable laws. Sumit Gupta, Company Secretary and Compliance Officer, signed the disclosure on behalf of Bansal Wire Industries Limited .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.91%	+3.38%	-0.69%	+0.33%	-18.79%	-10.10%

Bansal Wire Industries has successfully secured a trial purchase order for its Steel Tyre Cord product from one of the largest tyre manufacturers in the industry. This order follows a thorough evaluation of the company's samples, where the manufacturer recognized the quality and appropriateness of the product. The achievement represents a significant step towards achieving targeted growth objectives and reinforces the company's commitment to quality and innovation in the market.

The recognition from such a prominent player underscores Bansal Wire Industries' competitive edge in a highly technical sector characterized by stringent quality requirements and extensive approval processes. The company views this development as a crucial milestone in its expansion strategy within the steel wire manufacturing domain.

Regulatory Disclosure

The intimation was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof. The filing was made to inform the exchanges about the receipt of the trial purchase order.

Detail:	Information
Signatory:	Ghanshyam Das Gujrati, Chief Financial Officer
Disclosure Date:	June 13, 2026
Regulation:	SEBI (LODR) Regulations, 2015 — Regulation 30

Ghanshyam Das Gujrati, Chief Financial Officer of Bansal Wire Industries, signed the disclosure on June 13, 2026. The company has also made a copy of this intimation available on its website.