Gyanshankar E-Trading LLP, a member of the promoter group, has acquired 3,782 unlisted Compulsorily Convertible Preference Shares (CCPS) in bharat wire ropes from Union Bank of India (UK) Limited via an off-market transaction. This purchase was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquired shares originated from a larger allotment of 38,266 unlisted CCPS issued to a consortium of banks. This allotment was executed in FY 2020-21 as part of a sanction for a resolution plan involving a loan of ₹382.66 crores. The recent transaction by the promoter group does not result in any change to the total paid-up capital of the company at this stage.

The intimation was filed by Govinda Soni, the Company Secretary and Compliance Officer of Bharat Wire Ropes Limited. The document confirms that the acquisition was conducted through off-market mechanisms and adheres to applicable regulatory provisions.

Transaction Details

Bharat Wire Ropes has resumed operations at its Chalisgaon plant, following instructions received from the Maharashtra Pollution Control Board (MPCB). The restart of the facility marks a notable development in the company's manufacturing activities at the Chalisgaon location.

Operations Resume at Chalisgaon Facility

The company has restarted its Chalisgaon plant in accordance with the directives issued by the MPCB. The resumption signals a return to normalcy at the facility, with operations now back underway as per the regulatory body's instructions.

The MPCB, which oversees pollution control and environmental compliance across Maharashtra, had issued instructions that led to the resumption of operations at the Chalisgaon plant. Bharat Wire Ropes confirmed the restart of the facility in line with these regulatory directives.