CWD Limited Shareholders Approve Re-appointment of Key Directors for Five Years

CWD Limited , a player in the consumer electronics space, has successfully completed the re-appointment of its key leadership team following shareholder approval through a postal ballot process.

Shareholder Approval Confirmed

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, CWD Limited has informed the stock exchanges that shareholders have approved the re-appointment of three key executives through the postal ballot notice dated November 21, 2025. The approvals were confirmed based on the Scrutiniser's Report on voting results.

Director	Position	Term Period	DIN
Tejas Kothari	Joint Managing Director	Dec 31, 2025 - Dec 30, 2030	01308288
Siddhartha Xavier	Joint Managing Director	Dec 31, 2025 - Dec 30, 2030	03166884
Aditya Xavier	Whole-time Director	Dec 31, 2025 - Dec 30, 2030	06479014

Leadership Profiles

Tejas Kothari - Joint Managing Director

Tejas Kothari brings over 25 years of professional experience and holds a Bachelor of Commerce from the University of Bombay. Under his leadership, the company has scaled significantly and successfully expanded into multiple segments within the consumer electronics space. He is responsible for overseeing business operations, driving strategic growth initiatives, strengthening industry relationships, and guiding long-term development. He is married to Mrs. Amishi Kothari, Non-Executive Director of the company.

Siddhartha Xavier - Joint Managing Director

A Computer Science and Engineering graduate from Bharathiar University, Siddhartha Xavier has nearly two decades of experience in the technology sector. He oversees overall business operations, drives strategic initiatives, builds industry relationships, and leads the company's ongoing business development and growth efforts. He is the brother of Mr. Aditya Xavier, Whole Time Director of the company.

Aditya Xavier - Whole-time Director

Aditya Xavier holds a Bachelor's degree in Computer Science and Engineering from Jawaharlal Nehru Technological University and brings over a decade of experience in the technology industry. He is responsible for overseeing overall business operations, strengthening industry networks, and driving strategic initiatives that support the company's ongoing growth and development. He is the brother of Mr. Siddhartha Xavier, Joint Managing Director of the company.

Regulatory Compliance

The company has confirmed that all three directors are not debarred from holding office pursuant to any SEBI Order or any other authority. The re-appointments comply with BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24, both dated June 20, 2018, regarding director eligibility requirements.

Strategic Implications

The successful re-appointment of these key directors for extended five-year terms demonstrates CWD Limited's commitment to leadership stability and continuity in its strategic direction. This move reflects confidence in the current management team's ability to drive growth and expansion in the consumer electronics sector, particularly given their collective experience spanning technology, operations, and strategic development.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.86%	-5.88%	-13.25%	-13.25%	-13.25%	-13.25%

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

Aspect	Details
Name	Meshmerise Networks Private Limited
Incorporation Date	September 22, 2025
Location	Maharashtra
Authorized Capital	Rs. 1,00,000
CWD's Shareholding	51%
Investment by CWD	Rs. 51,000 (5,100 equity shares at Rs. 10 per share)

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.