BWL Ltd

Meeting Details

• Board meeting on 04 August 2026 at 67/C Ballygunge Circular Road, Block B, Kolkata, 12:30 PM.

Key Agenda Items

• Consolidated information about the company's affairs.
• Approve quarterly financial results for quarter ended 30 June 2026.
• Approve Notice of AGM for 2026.
• Note extension of MOU with Shri Jaishree Shyam Associates.
• Consider annual secretarial audit report.
• Approve revised Board Report for 2025-26.
• Budget for 2026-27.
• Recommend Soma Chakraborty as Independent Director.
• Appoint NSDL to conduct online AGM.
• Consider other matters with Chair's permission.

Other Notes

• Detailed agenda to be forwarded shortly.

AGM details

• 53rd AGM held on 20 September 2025 at 4:30 PM IST.
• Venue: Steel Club, Sector 8, Bhilai, Chhattisgarh.
• Meeting was held physically; 31 members attended in person.

Resolutions

• Adoption of audited financial statements for year ended 31 March 2025 passed unanimously.
• Appointment of Ms. Soma Chakraborty as independent director passed unanimously.
• Re-appointment of Sunil Khetawat as Managing Director and CEO passed as ordinary resolution.
• Re-appointment of Sandeep Khetawat with revised remuneration passed as ordinary resolution.

Voting outcome

• All four resolutions were passed unanimously.
• No dissent, failed resolution, or adverse voting pattern was reported.

Director changes

• Ms. Soma Chakraborty appointed independent director for five consecutive years.
• Sunil Khetawat re-appointed Managing Director and CEO from 1 April 2026 for five years.
• Sandeep Khetawat re-appointed with revised remuneration from 1 June 2026 for five years.

Remuneration

• Sunil Khetawat: salary of 95,000 monthly plus 1% of net profits, capped at 50% of annual salary.
• Sandeep Khetawat: salary of 91,000 monthly plus 1% of net profits, capped at 50% of annual salary.

FY26 results

• 📊 Standalone revenue from operations was Rs 8.58 lakh in FY26.
• 📊 Total revenue was Rs 39.61 lakh, versus Rs 33.87 lakh last year.
• 📊 FY26 loss before tax was Rs 42.07 lakh, versus Rs 42.07 lakh last year.
• 📊 FY26 net loss was Rs 52.44 lakh, versus Rs 52.44 lakh last year.
• 📊 Basic and diluted EPS were both Rs (0.75).

Quarterly performance

• 📊 Q4 FY26 revenue from operations was Rs 8.58 lakh.
• 📊 Q4 FY26 total revenue was Rs 9.87 lakh.
• 📊 Q4 FY26 loss before tax was Rs 42.07 lakh.
• 📊 Q4 FY26 net loss was Rs 52.44 lakh.

Costs and cash

• 📊 Employee benefits expense was Rs 31.79 lakh in FY26.
• 📊 Other expenses were Rs 61.02 lakh in FY26.
• 📊 Finance cost was Rs 20.66 lakh in FY26.
• 📊 Operating cash flow was Rs 11.72 lakh in FY26.
• 📊 Cash and cash equivalents ended at Rs 105.36 lakh.

Operations and outlook

• 🗒️ Manufacturing operations remain under suspension due to working capital constraints.
• 🗒️ Management is exploring restarting the unit with a new product line.
• 🧱 The board approved the budget for FY27.
• 📍 The board recommended borrowing from related or non-related parties for approval.

Audit and governance

• 📍 Statutory auditors issued an unmodified opinion on the standalone FY26 results.
• 📍 The board approved FY26 annual financial statements and the board report.
• 📍 The AGM will be held in online or hybrid mode on NSDL or CDSL platform.

Business model

• 🗒️ BWL Limited is a manufacturing company.
• 🗒️ The current manufacturing unit is suspended.
• 🗒️ Management is considering a new product line for restart.

Meeting Details

• Board meeting scheduled for 26 May 2026 at 12:30 PM.
• Venue: 67/C Ballygunge Circular Road, Block B, Kolkata.

Key Agenda Items

• Approve financial results and financial statements for quarter/year ended 31 March 2026.
• Consider leave of absence.
• Confirm minutes of the last meeting.

Other Notes

• Detailed agenda to be forwarded shortly.

Financial Performance 📊

• BWL Limited reported unaudited standalone Q3 and nine months ended Dec 31, 2025 results on Feb 12, 2026.
• Statutory auditor G. Basu & Co. issued an unmodified review report on these interim financials.
• Revenue and profit details were presented with prior periods regrouped for comparability.

Operations & Legal Matters

• Manufacturing operations remain suspended due to working capital constraints.
• Management is exploring restarting a new product line.
• Writ petition filed in Bilaspur High Court on leasehold land; government reply pending as of Nov 21, 2025.