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.

Bharat Wire Ropes Limited submitted its quarterly regulatory compliance certificate to the National Stock Exchange and BSE Limited on April 9, 2026. The filing pertains to the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026.

Regulatory Filing Details

Company Secretary Govinda Soni digitally signed and submitted the compliance certificate to both stock exchanges. The communication was filed under reference number BWRL/2025-26/SE/QC/17, confirming the company's adherence to regulatory requirements for the fourth quarter of FY26.

KFin Technologies Confirmation

KFin Technologies Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate dated April 4, 2026. The certificate confirms compliance with dematerialization processes during the quarter from January 1, 2026, to March 31, 2026.

Operational Framework

The confirmation certificate was signed by D Suresh Babu, Senior Manager at KFin Technologies Limited. The document confirms that all dematerialization requests were processed within the stipulated 15-day timeframe, with proper verification and cancellation of physical certificates completed during the quarter.

Corporate Infrastructure

Bharat Wire Ropes maintains its corporate office at Times Tower, Kamala City, Lower Parel, Mumbai, while its registered office and factory are located in the MIDC Chalisgaon Industrial Area, Jalgaon, Maharashtra. The company operates an additional manufacturing facility at Atgaon Industrial Complex in Thane district.