CWD Limited , a player in the consumer electronics space, has announced significant changes to its leadership structure, signaling continuity in its top management for the coming years.

Board Approvals

The Board of Directors of CWD Limited has approved the re-appointment of three key executives, each for a term of five years, subject to shareholder approval. The details of these re-appointments are as follows:

Approval Process

The re-appointments are not immediate and require further steps:

1. Shareholder Approval: The extensions are subject to approval by the company's shareholders.
2. Postal Ballot: The approval will be sought through a postal ballot process.
3. Revised Notice: The Board has approved a revised draft notice for the postal ballot, incorporating these re-appointments along with other transactions approved in a previous meeting on November 14, 2025.

Leadership Profiles

Tejas Kothari

• Over 25 years of professional experience
• Bachelor of Commerce from the University of Bombay
• Responsible for overseeing business operations and driving strategic growth initiatives
• Relationship: Husband of Mrs. Amishi Kothari, Non-Executive Director of the company

Siddhartha Xavier

• Nearly two decades of experience in the technology sector
• Computer Science and Engineering graduate from Bharathiar University
• Oversees business operations and leads business development efforts
• Relationship: Brother of Mr. Aditya Xavier, Whole Time Director of the company

Aditya Xavier

• Over a decade of experience in the technology industry
• Bachelor's degree in Computer Science and Engineering from Jawaharlal Nehru Technological University
• Responsible for overseeing business operations and strengthening industry networks
• Relationship: Brother of Mr. Siddhartha Xavier, Joint Managing Director of the company

Implications

The re-appointment of these key directors for extended terms suggests that CWD Limited is focusing on leadership stability and continuity in its strategic direction. This move may be seen as a vote of confidence in the current management team's ability to drive the company's growth and expansion in the consumer electronics sector.

Investors and stakeholders will be watching closely as the company seeks shareholder approval for these re-appointments through the upcoming postal ballot process.

CWD Limited , a company listed on the BSE (Scrip Code: 543378), has announced the incorporation of a new subsidiary, Meshmerise Networks Private Limited, marking its entry into the Internet of Things (IoT) and smart metering solutions sector. This strategic move, disclosed in a regulatory filing on October 13, 2025, aims to broaden CWD Limited's business operations and enhance its market presence in the rapidly growing field of digital communication technologies.

Key Details of the Subsidiary

Business Focus

Meshmerise Networks is set to operate in the following areas:

• Designing and developing IoT solutions
• Smart metering systems
• Digital communication technologies
• Narrowband RF mesh networks
• Advanced cellular communication modules

The subsidiary will focus on providing hardware and software solutions for smart energy, utilities, and infrastructure applications.

Strategic Implications

This incorporation aligns with CWD Limited's growth strategy, aiming to:

• Expand business operations on a large scale
• Drive revenue growth
• Enhance market share in the IoT and smart metering sector

Regulatory Compliance

The company has duly informed the BSE Limited about this development, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Ministry of Corporate Affairs has approved the incorporation, issuing a Certificate of Incorporation for Meshmerise Networks Private Limited.

Market Impact

While it's too early to assess the financial impact, this move positions CWD Limited to capitalize on the growing demand for IoT and smart metering solutions. The company's entry into this sector could potentially open up new revenue streams and enhance its competitive position in the market.

As the IoT and smart metering industry continues to evolve, CWD Limited's strategic expansion through Meshmerise Networks demonstrates its commitment to innovation and growth in the digital technology space. Investors and industry observers will likely keep a close watch on how this new subsidiary contributes to CWD Limited's overall business performance in the coming quarters.