AGM HELD ON 20.9.2025 .
Awaiting price reaction for this filing.
BWL Limited held its 53rd Annual General Meeting on 20 September 2025 at 4:30 PM at Steel Club, Bhilai, with 31 members attending in person. Four resolutions were put to vote by show of hands, and all were passed without dissent. These included the routine adoption of audited financial statements for FY ending 31 March 2025, the appointment of Ms. Soma Chakraborty as a new Independent Director for a 5-year term (up to 2030), and the re-appointment of Mr. Sunil Khetawat as Managing Director & CEO and Mr. Sandeep Khetawat as Joint Managing Director, each for a further 5 years starting April/June 2026. Remuneration for the Khetawat promoters was fixed at a base salary of Rs 95,000/month (Sunil) and Rs 91,000/month (Sandeep), plus 1% commission on net profits capped at 50% of annual salary. The meeting was attended by the Executive Chairman, two directors, one independent director, the CFO and Company Secretary, and the statutory auditor.
All resolutions passed unanimously, signalling smooth governance and no shareholder opposition. Continuity of the Khetawat promoter family at the top for another 5 years removes leadership uncertainty, though the modest absolute salary levels suggest a small-cap company with limited incremental cost impact for shareholders.