CWD Limited has announced the commencement of full commercial operations at its new manufacturing facility in Mysuru, Karnataka, effective January 1, 2026. The company disclosed this development to BSE Limited on February 19, 2026, in compliance with SEBI listing regulations.

Facility Details and Investment

The new manufacturing facility is strategically located at Plot No. 242 - B, Thandya 2nd Phase, Chikkaiahnachatra Industrial Area, Thandavapura Village, Hobli, Nanjangud Taluk, Mysuru District, Karnataka. The facility represents a significant investment of up to INR 30 crores, financed through a combination of equity, loans, and internal accruals.

Advanced Manufacturing Capabilities

The Mysuru facility is equipped with state-of-the-art manufacturing technology designed to enhance production efficiency and quality. The facility features two high-speed fully automated SMT lines with advanced 3D AOI systems, effectively operating as four SMT lines with two lanes each. Additional capabilities include fully automated conformal coating lines, laser etching lines, and advanced X-Ray inspection systems.

The assembly lines are designed to accommodate up to 400 personnel per shift, providing substantial operational flexibility. The facility's installed capacity allows for the production of up to 15,000 units of sound boxes per day, subject to product mix and operational planning requirements.

Sustainability and Strategic Rationale

A notable feature of the new facility is its commitment to environmental sustainability. The manufacturing facility is fully solar-powered, demonstrating CWD Limited's dedication to sustainable and energy-efficient operations. This aligns with the company's broader environmental responsibility initiatives.

The facility establishment forms part of CWD Limited's strategic expansion plan aimed at augmenting manufacturing capabilities, improving operational efficiencies, and strengthening quality assurance infrastructure. The expansion is specifically designed to cater to increasing customer demand across the company's product portfolio.

Company Background and Performance

CWD Limited, incorporated in 2016 and headquartered in Mumbai, operates as a leading information and communication technology company specializing in integrated IoT solutions. The company designs, develops, manufactures, and sells solutions combining software and electronics across Consumer Electronics and Technology Solutions segments.

The company serves diverse industries including agriculture, healthcare, manufacturing, logistics, and fintech, establishing itself as India's premier sound box manufacturer. CWD Limited has demonstrated strong financial performance with a cumulative 9M FY26 revenue of approximately ₹81 crore, significantly outpacing its total FY25 revenue of ₹33 crore. The company maintains a robust executable order book exceeding ₹200 crore, providing revenue visibility for the next 12 to 18 months.

CWD Limited has successfully completed the allotment of 1,75,79,824 bonus equity shares following its board meeting held on January 5, 2026. The electronics sector company executed the bonus share distribution in the previously announced 4:1 ratio for shareholders as on the record date of January 2, 2026.

Bonus Share Allotment Details

The board of directors formally allotted the bonus equity shares with a face value of ₹10 each during their meeting that commenced at 3:35 PM and concluded at 4:00 PM on January 5, 2026. The allotment follows the company's earlier announcement setting January 2, 2026, as the record date.

Regulatory Compliance and Share Rights

The bonus equity shares allotted will rank pari-passu in all respects with existing equity shares, carrying identical rights including dividends and other corporate benefits declared after the allotment. The company has confirmed that bonus shares will be credited to eligible shareholders within statutory and regulatory timelines as per SEBI regulations.

Stock Exchange Approval and Abeyance Shares

CWD Limited received in-principle approval from the stock exchange for allotment of 1,97,07,776 bonus equity shares. However, the company allotted 1,75,79,824 shares, keeping 21,27,952 bonus equity shares under abeyance. These abeyance shares will be allotted to warrant holders upon conversion of warrants into equity shares.

Impact on Shareholders

Shareholders who held CWD Limited shares on January 2, 2026, are entitled to receive four bonus shares for every one share held. This corporate action increases the total outstanding shares while maintaining proportional ownership for existing shareholders. The bonus issuance typically enhances stock liquidity and makes shares more accessible to retail investors through proportional price reduction.