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Bansal Wire Industries Limited · BANSALWIRE
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Bansal Wire Industries Limited has informed the Exchange regarding the proposed sale of certain equity shares by Mr. Mrinaal Mittal, a member of the Promoter Group, in the open market to achieve minimum public shareholding.
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Full Announcement
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 Minimum Public Shareholding ('Sale') by the Company.'.
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BANSALWIRE_24062026130519_BWIL_Intimation_to_Stock_Exchange.pdf
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CIN No. : L31300DL1985PLC022737
BANSAL
Bansal Wire Industries Limited
Manufacturers of Steel Wires
Date: 24.06.2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers "Exchange Plaza"
Dalal Street Bandra-Kurla Complex, Bandra (East),
Mumbai-400 001 Mumbai - 400 051
Scrip Code: (BSE): 544209 Symbol: BANSAL WIRE
Sub: Proposed sale of equity shares of the face value of f 5 each ("Equity Shares") of Bansal
Wire Industries Limited ("Company") by one of the members of its Promoter Group, Mrinaal
Mittal ("Seller"), in the open market for achieving minimum public shareholding by the
Company.
Dear Sir/Madam,
In accordance with the requirement of Rule I 9(2)(b) and l 9(A) of the Securities Contracts
(Regulation) Rules, 1957 and Regulation 38 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with para 3(7)(ii) of the SEBI Circular No.
SEBI/HO/CFD/PoD2/P/CIR/2023/l 8 dated February 3, 2023 read with Chapter VI Section VI-A of the
Master Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 by listed entities bearing reference no.
HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 ("Circular") in connection with
manner of achieving minimum public shareholding, Mrinaal Mittal, a member of Promoter Group
("Seller") intends to sell certain Equity Shares of the Company in the open market ("Proposed Sale"),
subject to any other pennissible methods of meeting minimum public shareholding in tenns of the
applicable law.
In terms of the Circular, the Company has received the following infonnation from the Seller with
regards to the Proposed Sale:
Details of the events to be provided L Particulars
1. Intention of the Promoter(s)/ Promoter Group The Seller has conveyed his intention to sell
to sell and the purpose of sale certain Equity Shares of the Company to enable
us to comply with the requirements of
minimum public shareholding.
2. Details of promoter(s)/promoter group, who Mrinaal Mittal, a member of Promoter Group.
propose to divest their shareholding
3. Total number of shares and percentage of Up to 2.99% of the total paid up Equity Share
shareholding proposed to be divested capital of the Company aggregating to
46,82,916 Equity Shares.
Regd. Office: F-3, Main Road, Shastri Nagar, Delhi-I 10052 Tel.: 011-46666750-59
Website : www.bansalwire.com E-Mail : info@bansalwire.com
4. Period within which the entire divestment Period beginning from June 25, 2026 or
process will be completed ("Period") onwards till August 31, 2026 or the actual date
of completion of sale of Equity Shares, in a
single or multiple tranches, as mentioned in Sr.
No. 3 above, whichever is earlier.
The aggregate promoter and promoter group shareholding as on June 24, 2026, is 12,20,99,880 equity
shares aggregating to 77.99% of the total paid-up equity share capital of the Company. The Company
has also received an undertaking from the Promoters and members of Promoter Group of the Company,
confirming that they shall not buy any Equity Shares in the open market on the dates on which the
Proposed Sale will be undertaken. The aforesaid undertaking is attached as Annexure 1.
Kindly take the same on record.
Thanking You,
Yours sincerely,
For Bansal Wire Industries Limited
Sumit Gupta
Company Secretary and Compliance Officer
This document is not an offer of securities for sale into the United States. The securities referred to
herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States. except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the United States.
MRINAAL MITT AL
ADDRESS: K NO. 217, GROUND FLOOR, VILLAGE-GADAIPUR,
SULTANPUR FARMS, SULTAN PUR, DELHI-110030
ANNEXURE-1
Date:24.06.2026
The Company Secretary and Compliance Officer
Bansal Wire Industries Limited
F-3, Main Road, Shastri Nagar,
Delhi - 110052
Subject: Undertaking in connection with the proposed sale of equity shares of the face value
of ts each ("Equity Shares") of Bansal Wire Industries Limited ("the Company") in the open
market for achieving minimum public shareholding.
Dear Sir/Madam,
In connection with the aforesaid subject and in accordance with the paragraph 3(7)(ii) of the SEBI
Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023 read with Master
Circular for compliance with the provisions of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 by listed entities bearing reference
no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 ("Circular"), I, Mrinaal
Mittal, a member of the Promoter Group, propose to sell certain Equity Shares of the Company in
the open market for complying with the minimum public shareholding by the Company
("Proposed Sale").
Accordingly, I, Mrinaal Mittal, intend to sell up to 2.99% of the total paid up Equity Share capital
of the Company, aggregating to 46,82,916 Equity Shares, in a single or multiple tranches, over a
period beginning from June 25, 2026 or onwards till August 31, 2026, subject to the Company
meeting minimum public shareholding in terms of the applicable law.
In this regard, I, on behalf of the Promoters and Promoter Group, undertake that neither I nor any of
the Promoters and Promoter Group shall buy any Equity Shares of the Company in the open market
on the dates on which the Equity Shares of the Company are proposed to be sold by me, in
accordance with the Circular for the purpose of achieving minimum shareholding requirements in
accordance with Rule I 9(2)(b) and l 9(A) of Securities Contracts (Regulation) Rules, I 957 and
Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 I 5.
This undertaking is issued to enable you to submit to the Stock Exchanges along with the
intimation of Proposed Sale.
Thanking You,
Yours Faithfully,
Mrinaal Mittal
On behalf of the Promoters and Promoter Group of Bansal Wire Industries Limited