Pursuant to Regulation 30 of the SEBI (LODR) Regulation 2015, the board conveyed its meeting today 24th February 2026 to approve the matters as stated in the attached Outcome.
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Bombay Wire Ropes' board approved selling its 1,340 sq. ft. office premises at Jolly Bhavan, Mumbai to The New Great Eastern Spinning and Weaving Company Limited for INR 5.15 crore. The buyer belongs to the company's promoter group, making this a related party transaction, though the company says it is done at arm's length. As part of the arrangement, the company will take 250 sq. ft. of the same premises back on a 3-year leave and licence basis at Rs. 75,000 per month to continue using it as its registered office. Shareholder approval will be sought via postal ballot before the sale agreement is executed.
The company will receive INR 5.15 crore in cash from selling an office premise to a promoter-related entity, while ensuring operational continuity by leasing back part of the space. For shareholders, this is a small, related-party transaction that requires their approval, but no material change to the core wire ropes business is expected.