Bombay Wire Ropes Limited has announced its audited financial results for the fourth quarter and year ended March 31, 2026, following the board meeting held on April 15, 2026. The company reported a net loss and received an unmodified audit opinion from its statutory auditors.

Financial Performance Overview

The company's financial performance for the year ended March 31, 2026 showed challenging results across key metrics. The audited results were prepared under Indian Accounting Standards (Ind AS) and approved by the Board of Directors.

Balance Sheet Position

The company's balance sheet as of March 31, 2026 reflects total assets of ₹786.08 lakhs compared to ₹798.10 lakhs in the previous year. The equity position remained relatively stable with total equity of ₹773.70 lakhs.

Regulatory Compliance and Audit Opinion

The financial results were announced under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Batliboi & Purohit, Chartered Accountants, the company's statutory auditors, issued an unmodified audit opinion on the standalone financial results.

The audit report confirmed that the financial results are presented in accordance with the requirements of Regulation 33 and give a true and fair view in conformity with applicable accounting standards. The board meeting commenced at 4:00 PM and concluded at 4:30 PM on April 15, 2026.

Cash Flow and Operations

The company's cash flow statement revealed net cash outflow from operating activities of ₹52.94 lakhs for FY26 compared to ₹131.61 lakhs in the previous year. The company maintained its focus on regulatory compliance and stakeholder communication through proper disclosure mechanisms.

Bombay Wire Ropes Limited has announced the retirement of Mr. Vinod Jiwanram Lohia from his position as Independent Director, effective April 1, 2026. The company informed the Bombay Stock Exchange of this corporate governance development through an official intimation dated April 1, 2026.

Director Retirement Details

Mr. Vinod Jiwanram Lohia (DIN: 01509730) completed his tenure as Independent Director following the conclusion of two consecutive terms on March 31, 2026. Each term spanned five years, in accordance with regulatory requirements governing independent director appointments.

Regulatory Compliance

The retirement notification was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

The company confirmed that Mr. Lohia has ceased to hold any directorship position within the organization effective from the retirement date. Company Secretary and Compliance Officer Shyni Chatterjee signed the official intimation to the stock exchange.

Company Information

Bombay Wire Ropes Limited operates with CIN L24110MH1961PLC011922 and maintains its registered office at 401/405, Jolly Bhavan No-1, 10, New Marine Lines, Mumbai-400020. The company's shares are listed on the Bombay Stock Exchange with Scrip Code 504648.