Bharat Wire Ropes Limited has successfully completed its postal ballot e-voting process, with shareholders passing an Ordinary Resolution to appoint M/s. Borkar & Muzumdar, Chartered Accountants, as Statutory Auditors of the company to fill a casual vacancy. The resolution was deemed approved on the last date of e-voting, Tuesday, 05 May 2026, having received the requisite majority. The company filed the voting results with stock exchanges on 06 May 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Process and Timeline

The postal ballot was initiated through a Notice dated 07 March 2026, with remote e-voting commencing on Monday, 06 April 2026 at 09:00 A.M. (IST) and concluding on Tuesday, 05 May 2026 at 05:00 P.M. (IST). The voting rights were reckoned as on Tuesday, March 31, 2026, which served as the cut-off date for determining the entitlement of members to participate in the postal ballot. KFin Technologies Limited was appointed as the service provider for extending the remote electronic voting facility to shareholders.

M/s. Mihen Halani & Associates, Practicing Company Secretaries (FCS No. 9926, CP No. 12015), Mumbai, was appointed as the scrutinizer to oversee the postal ballot voting process in a fair and transparent manner. The votes cast via remote e-voting were unblocked on May 05, 2026, in the presence of two independent witnesses — Mr. Milin Ramani and Ms. Ashika Dave — neither of whom is in the employment of the company.

Detailed Voting Results

The resolution received strong support across all shareholder categories. The following table presents the category-wise breakdown of votes polled during the e-voting process:

The scrutinizer's report further summarised the outcome based on the number of members who participated, as presented below:

There were no invalid votes recorded in the process. The promoter and promoter group were not identified as interested parties in the resolution.

Resolution Outcome

The Ordinary Resolution for the appointment of M/s. Borkar & Muzumdar, Chartered Accountants, as Statutory Auditors to fill the casual vacancy was passed with requisite majority. A total of 45631707 votes were cast in favour, representing 99.9954% of total votes polled, while 2077 votes were cast against, accounting for 0.0046% of votes polled. Invalid votes stood at zero. The scrutinizer's report was signed by Mihen Halani, Proprietor of M/s. Mihen Halani & Associates, and counter-signed by Govinda Soni, Company Secretary & Compliance Officer of Bharat Wire Ropes Limited. The results and the scrutinizer's report have been uploaded on the company's website at www.bharatwirerope.com .

Bharat Wire Ropes Limited has received substantial acquisition disclosures from Lloyds Metals and Energy Limited and Lloyds Enterprises Limited under SEBI regulations. The acquisition represents a significant investment by the Lloyds group in the wire ropes manufacturer, with the transaction completed through open market purchases.

Acquisition Details

The acquisition involved two entities working as Persons Acting in Concert (PAC). Lloyds Metals and Energy Limited acquired 20,00,000 shares representing 2.91% of the paid-up share capital, while Lloyds Enterprises Limited purchased 16,46,875 shares representing 2.40% of the company's equity.

Shareholding Pattern Changes

The acquisition significantly altered the shareholding pattern of both acquiring entities in Bharat Wire Ropes Limited. Prior to this transaction, the combined holding of both entities was minimal at 0.46% of the total share capital.

Transaction Timeline and Regulatory Compliance

The share acquisition was executed on April 17, 2026, through open market purchases on the stock exchanges. Both BSE Limited and National Stock Exchange of India Limited, where Bharat Wire Ropes shares are listed, were notified of the transaction as per regulatory requirements.

The disclosure was filed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The regulatory filings were completed on April 23, 2026, with Govinda Soni, Company Secretary and Compliance Officer of Bharat Wire Ropes Limited, and Rajesh Gupta, Managing Director of Lloyds Metals and Energy Limited, signing the respective documents.

Company Information

Bharat Wire Ropes Limited has an equity share capital of ₹686229140 divided into 6,86,22,914 equity shares of ₹10 each. The company trades on both BSE (Scrip Code: 539799) and NSE (Symbol: BHARATWIRE). The acquisition did not result in any changes to the company's total share capital structure, with the transaction involving only the transfer of existing shares in the secondary market.