Voting Results of the Postal Ballot through E-Voting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bombay Wire Ropes Ltd conducted a postal ballot via remote e-voting (Feb 27 – Mar 28, 2026) on two resolutions, both of which were passed by shareholders. Resolution 1 (Special): Sale of the company's office premises under Section 180(1)(a) and Regulation 37A of SEBI LODR. Resolution 2 (Ordinary): Taking new office premises on a leave and license basis. Both resolutions were approved with 77.71% votes in favour and 22.29% against, on a total of 6,64,106 votes polled (12.44% turnout out of 53,39,500 total shares). Promoters holding 33,96,750 shares (~63.6%) did not vote on either resolution, as they are interested parties. Public institutions voted 100% in favour, while public non-institutions were split 31.80% in favour and 68.20% against.
This is a routine real estate/administrative restructuring — sale of old office premises and shifting to a leased office — not a change in the company's core wire ropes business. Shareholders may want management to clarify how the sale proceeds will be utilised, but it is unlikely to materially affect stock price or operations.