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.

Bombay Wire Ropes Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant quarterly recovery with the company returning to profitability in Q3FY26. The Board of Directors approved these results in their meeting held on January 30, 2026.

Quarterly Performance Shows Strong Recovery

The company achieved a notable turnaround in Q3FY26, reporting a net profit of ₹1.55 lakhs compared to losses in recent quarters. This represents a substantial improvement from the loss of ₹1.29 lakhs recorded in Q2FY26 and a significant recovery from the ₹13.26 lakhs loss reported in Q3FY25.

Revenue and Income Analysis

The company's total income for Q3FY26 reached ₹17.21 lakhs, marking a 41.87% increase from the previous quarter's ₹12.13 lakhs and a remarkable 635.47% growth compared to ₹2.34 lakhs in Q3FY25. Notably, the company's revenue continues to be entirely derived from other income, with no revenue from operations reported during the quarter.

Nine-Month Performance Improvement

For the nine months ended December 31, 2025, Bombay Wire Ropes Limited showed significant improvement in its financial position. The company reported a net loss of ₹1.86 lakhs for the nine-month period, representing a substantial reduction from the ₹38.32 lakhs loss recorded in the corresponding period of the previous year.

Expense Management and Operational Efficiency

The company's expense management showed mixed results during Q3FY26. Total expenses for the quarter were ₹15.66 lakhs, slightly higher than ₹13.42 lakhs in Q2FY26 but lower than ₹15.60 lakhs in Q3FY25. Employee benefits expense decreased to ₹9.21 lakhs from ₹9.38 lakhs in the previous quarter, while other expenses increased to ₹5.94 lakhs from ₹3.52 lakhs.

Financial Position and Share Capital

Bombay Wire Ropes Limited maintained its paid-up equity share capital at ₹53.40 lakhs, with a face value of ₹1 per share. The company's other equity stood at ₹726.69 lakhs as of March 31, 2025. The earnings per share improved to ₹0.03 for Q3FY26, marking a positive shift from negative earnings in previous quarters.

The financial results were reviewed by the company's audit committee and approved by the Board of Directors. The independent auditor's review was conducted by Batliboi & Purohit, Chartered Accountants, who provided an unqualified review report on the unaudited financial statements.