Walchandnagar Industries Limited has informed the Exchange regarding Demise of Mr Anil Vasant Gabhe, Chief Internal Auditor of the company on April 17, 2025.
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Walchandnagar Industries has informed the stock exchanges about the sudden demise of Mr. Anil Vasant Gabhe, the company's Chief Internal Auditor, on April 17, 2025 due to cardiac arrest. Mr. Gabhe had been serving in this role since November 28, 2017, and the company acknowledged his significant contributions during his tenure. The board, directors, and employees conveyed deep condolences to his family, calling his passing an irreparable loss. The disclosure has been made under Regulation 30 of SEBI LODR Regulations, 2015.
This is a human resource event and is unlikely to have a material impact on the company's operations or stock price in the short term. The company will need to appoint a replacement Chief Internal Auditor to ensure continuity of internal audit functions.