BWL Limited reported a net loss of ₹18.63 lakh for the half-year ended September 30, 2025, as manufacturing operations remain suspended due to working capital constraints. The company, which recorded a profit of ₹246.24 lakh in the fiscal year ended March 31, 2025, saw its total revenue decline to ₹10.51 lakh in the current period from ₹338.71 lakh in the previous year. The statutory auditor, M/s G Basu & Co., issued an unmodified opinion on the unaudited financial results, which were approved by the Board on November 13, 2025.

Financial Performance

The company's financial results for the half-year ended September 30, 2025, reflect the impact of the operational suspension. Total revenue stood at ₹10.51 lakh, down significantly from ₹338.71 lakh in the year ended March 31, 2025. Expenses for the half-year totaled ₹29.14 lakh, leading to a loss before tax of ₹18.63 lakh. In the corresponding period of the previous year, the company had reported a profit before tax of ₹246.24 lakh.

Key Financial Metrics (Half-Year Ended September 30, 2025)

Operational Status and Auditor's Review

The notes to the financial results state that manufacturing operations are still under suspension due to working capital constraints. Management is exploring possibilities to restart the unit with a new product line. The unaudited balance sheet and cash flow statement were prepared on an estimated basis due to unforeseen circumstances and are expected to be regularized by the end of the fiscal year.

M/s G Basu & Co., Chartered Accountants, conducted the limited review in accordance with the Standard on Review Engagements (SRE) 2410. The review report, dated November 13, 2025, highlighted that the impact of footnote no. 5 regarding the estimated basis of financial statements is not readily quantifiable. The assets and liabilities as of September 30, 2025, totaled ₹476.40 lakh, compared to ₹382.99 lakh as of March 31, 2025.

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.