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YEAR EVENTS
1971 - The company was incorporated as a Public Limited company on the 22nd June,
and obtained the Certificate for commencement of business on the 1st November,
from the Registrar of companies, Madhya Pradesh at Gwalior.
- The company has been promoted by Shri H.P.Khetawat. Bhilai Wires Limited is an
existing, profit making, dividend-paying listed company presently engaged in the
manufacture of a wide variety of high carbon wires, mild steel wires, special wires
and strands with an installed capacity of 24,000 tpa.
- The company proposes to set up a project for the manufacture of Optic Fibre Cables
(OFC) with an installed capacity of 4,000 Cable Kms at Shogi Industrial Area, Shogi (Shimla),
Himachal Pradesh.
1992 - To improve production and profitability Company has taken up further expansion and
modernisation of the Mill and propose to come out with a right issue to finance this
expansion-cum-modernisation which will improve profitability of your Company.
- New product like Patent Galvanised Wires for fishing net Wire and extra Fine G.I. Wires
have been manufactured.
1993 - The Directors proposed for a Right Issue of Equity Shares at a premium of Rs.5/-
in the ratio of 1:1.
1995 - The Company successfully completed the Rights-cum-Public Issue of 23,49,450 Nos
of 16% Unsecured Fully Convertible Debentures aggregating to Rs. 1175.02 Lacs to
part finance of Optical Fibre Cable Project (OFCD) undertaken by the Company.
1996 - Consequent on the issue of a fresh certificate of incorporation by the Registrar of
Companies, M.P, name of the company has been changed from Bhilai Wires Limited to
BWL Limited with effect from 10.05.1996.
- During the year 2339255 Equity shares of Rs. 10 each fully paid-up were allotted
consequent to conversion of Part-A of Rs. 15 each at premium of Rs. 5 per share and
2339255 Zero Dividend Redeemable Preference Shares of Rs. 10 each fully paid up
have been allotted consequent to conversion of Part-B of Rs. 10 each.
- Shri H P Khetawat, Chairman & Managing Director of the company has been re-appointed
as Chairman and Managing Director of the company for a further period of 5 years
w.e.f. 01.04.96 with enhanced remuneration.
- Shri Sunil Khetawat has been re-appointed as the Managing Director of the company
for a period of 5 years w.e.f. 01.04.96.
1997 - During the year 9695 FCDs were forfeited for non-payment of allotment
money inspite of reminders and full conversion of 23,40,355 FCDs (Part-C) of Rs. 25
each was effected on 19.04.96. The paid-up Capital at the end of the year stood at
Rs. 9,32,27,588 comprising of 69,79,610 fully paid Equity Shares of Rs. 10 each and
23,40,355 fully paid zero Dividend Redeemable Preference Shares of Rs. 10/- each.
- Shri P.B. Menon, Senior Advocate, Supreme Court of India was Appointed
as a Director at the 25th annual general meeting held on 25.09.96.
- During the year Company has planted 200 No. of sapling & Neem trees to
diffuse the impact of hazardous and obnoxious gases on enviornment.
- The company has developed through their in house research and development the
design and manufacturing of non-metalic Aerial Optical Fibre Cable which is laid on
the Poles.
1998 - In current year the DOT has introduced Vendor Rating System (VRS) in which
though the Company has participated in Tenders but has to file writ petition in the
Honourable High Court of Delhi for restraining the DOT either from VRS or issue orders
to all the eligible bidders in the inverse ratio which is pending in the Honourable Court
for orders.
- The Company has taken adequate steps for waste water treatment and the
Company has planted sufficient number of Babul, Neem and sapling plant
to mitigate air pollution.
1999 - The Steel Wire Division has obtained the IS/ISO 9002 certificate issued by
Bureau of Indian Standards.
2000 - Due to labour unrest in the company's factory since August 29, (from B Shift),
the production is totally stopped.
- During the year under review the Department of Telecommunication has
decentralised the purchase of GI Wire and PVC Insulated GI Wires resulting which
the Company has to face stiff competition with the local SSI Units those who are having
various advantages.
- Shri S.P.S.Dangi retires from the Board by rotation under the Company's Articles of
Association and being eligible offers himself for reappointment.
- Shri Gautam Khaitan has resigned for the Board on 24.07.1999 due to personal reason.
- Shri R.K.Himatsingka, Executive Director resigned from the Board w.e.f 17.01.2000 due
to personal reason.
2008
-BWL Ltd has designated E-mail ID for Investors Complaints - bwlltd@sify.com
2012
-The compay have approved Alteration of capital clause in the Memorandum for increase in number of shares due to reduction in face value and subdivision of shares.
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