Bharat Wire Ropes Limited has informed the Exchange regarding Appointment of Mayank Mittal-JMD KV Rao-WTD CNK & Associates LLP as Other of the company w.e.f. August 16, 2025.
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Bharat Wire Ropes Limited has informed the stock exchanges about three key board-level decisions taken at a meeting held on August 11, 2025. First, M/s. C N K & Associates LLP, a Chartered Accountant firm with over 5 decades of experience auditing listed companies, banks and PSUs, has been appointed as the new Statutory Auditor for a 5-year term from FY 2025-26 to FY 2029-30. Second, Mr. Mayank Mittal (DIN: 00127248), a promoter and son of the current Managing Director Mr. Murarilal Mittal, has been re-appointed as Joint Managing Director for 5 years effective August 16, 2025, subject to shareholder approval. Third, Mr. Venkateswararao Kandikuppa (DIN: 06456698) has been re-appointed as Whole-Time Director for 5 years starting January 1, 2026, also subject to shareholder approval.
These changes are largely administrative and stability-focused — the existing leadership team is being retained with fresh 5-year terms and a new audit firm is being onboarded. Shareholders should note that the re-appointments require their approval at the upcoming general meeting, and the promoter family continues to hold key executive positions, which signals continuity but also reinforces promoter-driven governance.