Bombay Wire Ropes Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving both proposed resolutions on 28th March, 2026. The company announced the voting results in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The remote e-voting process was conducted over an extended period, commencing on Friday, 27th February, 2026 at 9:00 a.m. (IST) and concluding on Saturday, 28th March, 2026 at 5:00 p.m. (IST). The postal ballot notice was dated 24th February, 2026, with the cut-off date set as 20th February, 2026.

Resolutions Approved

Shareholders voted on two key resolutions related to the company's office premises:

Voting Results Analysis

Both resolutions received identical voting patterns, with overall approval from shareholders. The voting results showed strong institutional support despite mixed response from retail investors.

Key Observations

The voting results revealed several notable patterns:

• Institutional Support: Public Institutions demonstrated unanimous support with 100% votes in favour, contributing significantly to the overall approval
• Promoter Abstention: Despite holding 33,96,750 shares, the Promoter and Promoter Group did not participate in the voting process
• Mixed Retail Response: Public Non-Institutions showed divided opinion with only 31.80% voting in favour
• Overall Participation: Total voting participation stood at 12.44% of outstanding shares

Regulatory Compliance and Scrutinizer Report

The postal ballot was conducted in accordance with the provisions of Section 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. Mrs. Zankhana K. Bhansali of Zankhana Bhansali & Associates, Practicing Company Secretaries, served as the Scrutinizer for the process.

The company utilized the services of Purva Sharegistry (India) Private Limited as the Registrar and Share Transfer Agent and for providing the remote e-voting platform. Both resolutions are deemed passed on 28th March, 2026, the last date of remote e-voting, as confirmed by the Scrutinizer's report submitted on 31st March, 2026. The results were communicated to BSE under scrip code 504648 and are available on the company's website at www.bombaywireropes.com .

Bombay Wire Ropes Limited announced significant corporate restructuring decisions following its board meeting held on 24 February 2026. The company's board of directors, acting on recommendations from the Audit Committee, approved two interconnected transactions involving its office premises in Mumbai.

Office Premises Sale Transaction

The board approved the sale of the company's office premises measuring 1340 sq. ft. carpet area located at 401 to 405 Jolly Bhavan No. 1, 10 New Marine Lines, Mumbai – 400020. The buyer is The New Great Eastern Spinning And Weaving Company Limited, which belongs to the promoter group of Bombay Wire Ropes Limited.

Leave and License Agreement

Concurrently, the board approved entering into a leave and license agreement with the same buyer company. Under this arrangement, Bombay Wire Ropes Limited will lease back a portion of the sold premises to maintain its registered office operations.

Regulatory Compliance and Approvals

Both transactions fall under related party transactions and require comprehensive regulatory compliance. The company confirmed that the deals are structured on an arm's length basis as mandated by securities regulations. The sale transaction falls outside any scheme of arrangement, necessitating compliance with Regulation 37A of the SEBI Listing Regulations.

The board authorized Dilip Sadanand More, Chief Financial Officer, and Rajkumar Gulzarilal Jhunjhunwala, Whole-time Director, to conduct a postal ballot for obtaining shareholder approval. The meeting commenced at 16:00 hours and concluded at 16:30 hours on 24 February 2026.

Strategic Rationale

The leave and license arrangement ensures business continuity at the same registered office premises while providing cost savings in terms of brokerage and shifting expenses. This structure allows the company to monetize its real estate asset while maintaining operational presence at the familiar location.

The transactions demonstrate a strategic approach to asset optimization, with the company converting a fixed asset into liquid capital while securing continued access to essential office space through the licensing agreement.