Pursuant to Regulation 30 and other applicable provisions of the SEBI LODR Regulations 2015. Please find the letter attached regarding change in Directorate.
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Awaiting price reaction for this filing.
The Board of Wires & Fabriks (S.A.) Limited, at its meeting on 24 May 2025, approved several key appointments. Mr. Hansmukh Patel, a Chartered Accountant with over 20 years of experience in manufacturing, was appointed as the new Chief Financial Officer and Key Managerial Personnel effective 24 May 2025. Statutory auditor M/s Jain Shrimal & Co. was re-appointed for a second 5-year term from the 68th AGM to the 73rd AGM. Mrs. Twinkle Agarwal was appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30, while M/s RB Verma & Associates (Jaipur) and M/s A.K. Bhardwaj & Co. (Kolkata) were appointed as Internal Auditors for FY 2025-26. Two independent directors, Mr. Rishi Bajoria and Dr. Sudhir Bhandari, were also re-appointed for a further 5-year term effective 21 July 2025, subject to shareholder approval.
The new CFO appointment brings experienced financial leadership, which may be viewed positively by investors. The continuity in statutory and internal auditors, along with re-appointment of independent directors, signals governance stability. These changes are largely procedural and unlikely to cause immediate stock price movement, though the CFO transition may warrant close monitoring.