Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
CWD Limited has issued a Postal Ballot Notice to shareholders with e-voting open from November 25 to December 24, 2025 (cut-off date November 21, 2025). Key items include increasing authorised share capital from ₹10 crore to ₹35 crore (by adding 2.5 crore equity shares of ₹10 each), issuing bonus shares in a 4:1 ratio by capitalising up to ₹17.58 crore from the Securities Premium Account, and re-appointing Mr. Tejas Kothari, Mr. Siddhartha Xavier (both as Joint Managing Directors), and Mr. Aditya Xavier (as Whole-time Director) for 5-year terms effective December 31, 2025. Other items seek shareholder approval to migrate listing from the BSE SME segment to the BSE Main Board and obtain a direct listing on the NSE Main Board, raise the borrowing cap to ₹500 crore, raise the loans/investments cap to ₹500 crore, and approve material related party transactions up to ₹100 crore per annum with entities like Meshmerise Networks, CWD Digital Platforms, and SDG Global.
If approved, the bonus issue (4:1) would significantly expand the share count and could pressure the stock price on a per-share basis, while signals of diversification and Main Board migration may improve liquidity and visibility. Higher borrowing and investment limits give the company greater financial flexibility but also raise risk if used aggressively. Re-appointments of the existing management team suggest continuity, and related party transactions worth up to ₹100 crore annually warrant shareholder scrutiny.