Ram Ratna Wires Limited has informed the Exchange regarding Change in Director(s) of the company.
RAMRAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ram Ratna Wires has announced a major board and management reshuffle effective June 1, 2025. Hemant Kabra steps down as President & CFO and is elevated to Joint Managing Director for a 5-year term. Rajeev Maheshwari, an internal candidate with over 13 years at the company, takes over as the new CFO. Two new directors are being added: Sumeet Kabra (son of existing Managing Director Mahendrakumar Kabra, and brother of Hemant) as Executive Director, and Sanjay Agarwal (a Harvard-trained former investment banker and CFO with 25+ years of experience) as an Independent Director, both for 5-year terms. The company also appointed Khanna & Co. as new Secretarial Auditors for 5 years (FY26–FY30) and re-appointed its Tax, Cost, and Internal Auditors for FY26. All appointments are subject to shareholder approval at the upcoming AGM.
This is a continuity-driven restructuring rather than a disruptive one. The CFO elevation to JMD and the addition of a second family member (Sumeet) to the board strengthens promoter control, while the independent director brings strong finance and M&A experience. Shareholders should watch for AGM approval of the new appointments, but the changes are unlikely to cause near-term stock volatility.