Bombay Wire Ropes Ltd — Dividend/Bonus, 02-06-2025: Corp. Action

Bombay Wire Ropes Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company continues to have no operational activities, having discontinued its wire rope manufacturing and furniture businesses, and is exploring new business opportunities. It remains debt-free with adequate cash reserves, primarily invested in fixed deposits. The company reported a loss of ₹13.07 lakh after tax, compared to a loss of ₹3.09 lakh previously, but posted a total comprehensive income of ₹30.24 lakh benefiting from fair value gains on investments. No dividend was declared. The Board proposes reappointment of Director Anurag Kanoria and appointment of Ashok Kumar Maroo as Independent Director. Internal controls and compliance systems are adequate, with statutory auditors reporting no qualifications or fraud.