NSEUpdates24 Jun 2026 · 24 Jun 2026, 01:07 pm

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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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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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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