Appointment of Mr. Bhagirath Modi (DIN: 00766377) as an Additional Non Executive Independent Director of the Company for a term of five consecutive years with effect from 25th June, 2025.
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The Board of Directors of Wires & Fabriks (S.A.) Limited, at its meeting held on 25th June 2025, approved the appointment of Mr. Bhagirath Modi (DIN: 00766377) as an Additional Non-Executive Independent Director for a term of five consecutive years, effective 25th June 2025. Mr. Modi, aged 43, is a graduate and currently the Managing Director of Bharat Kumar & Company Pvt. Ltd. since 2010, with over 15 years of experience in production, manufacturing, and marketing, particularly in the paper and board business. The appointment is subject to shareholder approval, and Mr. Modi is not debarred by SEBI or any other authority from holding the office of director.
This is a routine board-level appointment and is unlikely to have a material impact on the stock price. It strengthens the independent oversight on the board, subject to shareholder approval at the next general meeting.