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.