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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Bombay Wire Ropes Ltd

Bombay Wire Ropes: Developer bears full liability for labor compensation order

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 07 Jul 2026, 02:28 PM IST  ·  BSE ID: be7bc8b5-d7c9-420a-9a7f-c3657e1bd8e7
View Original BSE Filing (PDF)
💡
In Simple Terms
A developer will pay all compensation ordered for past workers, protecting the company from financial burden.
🤖 AI Summary
  • Company received order for Rs. 1,00,000 per year per workman compensation.
  • Order covers compensation for period 13.03.1995 to 01.11.2006.
  • Subsequent award directs payment from 01.11.2006 until retirement.
  • Developers fully responsible for all financial repercussions as per court order.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Compensation per workman per year
Rs. 1,00,000
Compensation period 1
13.03.1995 to 01.11.2006
Compensation period 2
From 1st November, 2006 until retirement
🏢 How This Affects the Company
💰
Financial Impact
The company states that any financial liability arising from the labour union's order and award rests entirely with the developer, as per prior consent terms filed before the Bombay High Court.
⚠️
Risk Impact
This disclosure serves to inform stakeholders that a pre-existing agreement with a developer absolves the company of direct financial risk from the labour court's order and award.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the company has confirmed no direct financial impact.
👤
Who Is Affected
All shareholders are informed of a situation that, while appearing potentially costly, has been contractually mitigated.
🔍
Management Signal
Management is proactively communicating potential liabilities and clarifying their contractual resolution to ensure transparency.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of developer's fulfillment of obligations.
Any future communications from the labour union or developers.
Review of future financial statements for any indirect implications.
LOW RISK Company has clarified financial liability rests with a third-party developer based on prior court orders.
💡 Investor Takeaway
Bombay Wire Ropes Limited is not financially liable for labour compensation orders covering 1995-2006 and onwards, as a developer has agreed to bear these costs per a 2012 court settlement.
❓ Frequently Asked Questions
What compensation has Bombay Wire Ropes been ordered to pay?
Bombay Wire Ropes received an order to pay Rs. 1,00,000 per year per workman for periods from 13.03.1995 to 01.11.2006 and thereafter until retirement.
Who will bear the financial liability for the compensation orders?
A developer has undertaken to bear the entire financial repercussions arising from these orders, as per consent terms filed before the Bombay High Court.
What is the financial impact of this order on Bombay Wire Ropes?
The company states that there is no direct financial impact on Bombay Wire Ropes as the liability is entirely with the developer.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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