Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, based on the recommendation of Nomination and Remuneration Committee, the Board of Directors at its meeting held on 25.06.2025 ....
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Wires & Fabriks (S.A.) Limited's Board, at its meeting on June 25, 2025, approved the appointment of Mr. Bhagirath Modi (DIN: 00766377) as an Additional Non-Executive Independent Director for a five-year term effective the same date. Mr. Modi, aged 43, is a graduate and currently serves as Managing Director of Bharat Kumar & Company Pvt. Ltd. since 2010, with over 15 years of experience in paper and board production, manufacturing, and trading. The company has confirmed he is not debarred from holding director office by SEBI or any other authority. The appointment is subject to shareholder approval. He is identified as the son of Shri Vijay Shanker Modi, and the filing states he is not related to any current Director or KMP of the company.
A routine governance update adding an independent director with relevant industry experience. No immediate financial impact is expected; shareholders will have the final say on his appointment at the next general meeting.