Bharat Wire Ropes Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BHARATWIRE · price
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Bharat Wire Ropes Limited has announced the results of a postal ballot where shareholders approved the appointment of M/S. Borkar & Muzumdar, Chartered Accountants as the company's new Statutory Auditors to fill a casual vacancy. The resolution was passed as an Ordinary Resolution with overwhelming shareholder approval - 99.99% of votes (45,631,707 votes) were in favor while only 0.01% (2,077 votes) were against. The e-voting period ran from April 6, 2026 to May 5, 2026, with 66.54% of total outstanding shares participating in the voting. Promoter and promoter group voted 100% in favor, while public non-institutional shareholders also largely supported the resolution.
The appointment of new statutory auditors to fill a casual vacancy is a routine corporate governance matter. The overwhelming approval indicates shareholder confidence in the new auditor appointment, with minimal impact expected on the stock price as this is a standard procedural change.