Bansal Wire Industries Limited
Incorporated in December 1985, Bansal Wire Industries Limited is a stainless steel wire manufacturing company.
What Bansal files
- Others76
- Investor Meet40
- Important28
- Updates15
- Board Meeting11
- PPTs5
Bansal Wire's promoter group member sold 4,682,916 equity shares, equivalent to 2.99% of the company's paid-up capital. This notable stake reduction may draw investor attention.
Bansal Wire Industries Limited has informed the Exchange regarding 'Proposed Sale of certain Equity Shares of the face value of Rs. 5/- Each ('Equity Shares') of Bansal Wire Industries Limited ('Company') held by Mr. Mrinaal Mittal, Member of Promoter Group of the Company ('Seller') in the Open Market for Achieving...
Bansal Wire's production capacity is hit by 35% since mid-March due to West Asian geopolitical tensions curtailing natural gas supply. The company is deploying alternative heating & electric furnaces to restore output and limit financial impact.
Bansal Wire reported code violations by a promoter group member and an Independent Director involving share trades. Fines totaling over Rs. 1.24 Lakh were collected from them and deposited with SEBI, with a warning against future non-compliance.
Bansal Wire's subsidiary, BWI Steel, signed an MoU with Ministry of Steel under the PLI Scheme 1.2. They will invest Rs. 70.00 Cr to add 70,000 tonnes/year stainless steel wire capacity, boosting specialty steel manufacturing.