Bansal Wire Industries Board Approves 1:5 Share Split and Leadership Changes

Bansal Wire Industries Limited conducted a board meeting on August 12, 2026. The session commenced at 12:00 PM and concluded at 1:30 PM, as per the exchange filings.  

Several corporate developments were approved during this meeting regarding company leadership and capital structure. 

Bansal Wire Industries Board Meeting Outcomes 

The Board of Directors approved the appointment of Shri Ramesh Kumar Choubey as an Additional Director in the capacity of a Non Executive Independent Director. This appointment is for a term of 5 consecutive years, starting from August 12, 2026, until August 11, 2031, subject to shareholder approval. 

Simultaneously, the board accepted the resignation of Smt. Sunita Bindal from her position as an Independent Director. This resignation is effective from the close of business hours on August 12, 2026. The resignation also covers her exit from all Board Committees. 

Equity Share Sub Division and Capital Clause Alteration 

The board approved the sub division of 1 existing equity share with a face value of ₹5 into 5 equity shares with a face value of ₹1 each. This action is subject to approval from the shareholders of the company. Consequently, the board approved an alteration of the Capital Clause of the Memorandum of Association. 

The revised Authorised Share Capital of the company is ₹90,00,00,000. This is divided into 89,00,00,000 equity shares of ₹1 each, totalling ₹89,00,00,000, and 10,00,000 preference shares of 6% with a face value of ₹10 each, totalling ₹1,00,00,000. 

Annual General Meeting Schedule 

The company has scheduled its 41st Annual General Meeting for Thursday, September 17, 2026, at 12:00 Noon. The meeting is set to be held via video conferencing and other audio visual means. The record date for the share split will be determined following the receipt of shareholder approval. 

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Bansal Wire Industries Share Price Performance 

As of August 12, 2026, at 2:44 PM, Bansal Wire Industries share price on NSE was trading at ₹323.40, up by 1.09% from the previous closing price. 

Conclusion 

Bansal Wire Industries board approved a 1 to 5 share split, changing face value from ₹5 to ₹1. Leadership changes include appointing Ramesh Kumar Choubey for 5 years and accepting Sunita Bindal’s resignation, effective August 12, 2026. 

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