BWL Limited re-appoints Khetawat as MDs for five years
BWL Limited's 53rd AGM resulted in the re-appointment of Sunil Khetawat and Sandeep Khetawat as Managing Directors for five years, with specific remuneration structures including salary and profit-based commission. Soma Chakraborty was appointed as an Independent Director until 2030. The company also adopted its financial statements for the fiscal year ending March 31, 2025.
*this image is generated using AI for illustrative purposes only.
BWL Limited has secured shareholder approval to re-appoint its top leadership for a five-year term during its 53rd Annual General Meeting held on September 20, 2025. The meeting, convened at Steel Club in Bhilai, saw the adoption of the audited financial statements for the year ended March 31, 2025, and the approval of four key resolutions.
Board and Leadership Approvals
The shareholders passed an ordinary resolution to re-appoint Shri Sunil Khetawat as Managing Director and Chief Executive Officer effective April 1, 2026. His remuneration includes a monthly salary of ₹95,000 in the scale of ₹95,000 to ₹115,000, along with a commission of 1% of net profits as per Section 197 of the Companies Act, 2013, subject to a ceiling of 50% of the annual salary.
Shri Sandeep Khetawat was re-appointed as Joint Managing Director effective June 1, 2026, for a further period of five years. His remuneration includes a monthly salary of ₹91,000 in the scale of ₹91,000 to ₹1,11,000, and a commission of 1% of net profits, capped at 50% of his annual salary.
New Appointment and Financial Adoption
Ms. Soma Chakraborty was appointed as an Independent Director for a term of five consecutive years, ending at the Annual General Meeting of 2030 or August 6, 2030, whichever is earlier. The meeting also adopted the Balance Sheet as of March 31, 2025, the Statement of Profit & Loss, Cash Flow Statement, and the Report of the Auditors and Directors.
Key Attendees and Proceedings
The meeting was attended by 31 members in person. The Board of Directors present included Mr. Sunil Khetawat, Mr. Sandeep Khetawat, Ms. Amita Saha, and Mr. Jahar Bagchi. Key managerial personnel present included Mr. Subrata Kumar Ray, Company Secretary and Compliance Officer, and Mr. Shyam Niyogi, Chief Financial Officer. Mr. Gautam Moitra, Partner of G Basu & Co., the Statutory Auditor, was present by invitation.
| Director | Designation | Remuneration Details |
|---|---|---|
| Shri Sunil Khetawat | Managing Director & CEO | ₹95,000 p.m. + 1% commission (capped at 50% of salary) |
| Shri Sandeep Khetawat | Joint Managing Director | ₹91,000 p.m. + 1% commission (capped at 50% of salary) |
| Ms. Soma Chakraborty | Independent Director | Not liable to retire by rotation |
What strategic growth initiatives does BWL Limited plan to prioritize under the renewed leadership of the Khetawat duo?
How will the re-appointment of the current leadership team influence the company's expansion plans over the next five years?
What impact is the new Independent Director expected to have on the company's governance and oversight practices?
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
