Bansal Wire Industries Limited has informed the Exchange regarding Appointment of Internal Auditor of the company w.e.f. July 21, 2025 for the financial year 2025-26
BANSALWIRE · price
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Bansal Wire Industries held a board meeting on July 21, 2025, and approved its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs. 9,079.6 million, up about 34% from Rs. 6,766.1 million in Q1 FY25, while standalone profit after tax increased to Rs. 302.8 million from Rs. 259.6 million. On a consolidated basis, revenue grew to Rs. 9,390.1 million and PAT to Rs. 392.8 million. The statutory auditor (Prateek Gupta & Co) issued an unmodified limited review opinion on both sets of results. The board also appointed S N Garg & Co as the Internal Auditor for FY 2025-26, Ranjit Tripathi & Associates as Secretarial Auditor for five years (subject to shareholder approval), and Ashish & Associates as Cost Auditor for FY 2025-26. Additionally, the IPO Committee (formed during the July 2024 listing) was dissolved.
Strong YoY revenue growth on a standalone basis reflects healthy demand for the company's steel wire products, though standalone PBT margin compressed slightly (from about 5.1% to 4.5%) due to higher material and other expenses. The auditor appointments are routine and signal a maturing governance structure post-IPO, with no disruption to existing auditors.