Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we wish to inform you that Mr. Rajesh Patni, CFO of the Company has tendered his resignation effective from close of business ....

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹223.60

prior close

₹232.80

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.9% vs market

Other Textile Products peers, median of 171sector+0.0%+2.6% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 171Pending

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AI summary

Wires & Fabriks (S.A.) Ltd has informed the stock exchange that its Chief Financial Officer, Mr. Rajesh Patni, has resigned from the position with effect from the close of business hours on 20th May 2025. Mr. Patni was also classified as a Key Managerial Personnel (KMP) of the company. The reason cited for the resignation is advanced age and health issues, and Mr. Patni has confirmed there is no other material reason behind his decision. The disclosure has been made under Regulation 30 of the SEBI (LODR) Regulations, 2015, along with submission of his formal resignation letter dated 21st April 2025. The company has not yet announced a replacement for the CFO role.

Likely market impact

The resignation creates a vacancy in a critical finance leadership role, but since the reason is health-related and not a governance concern, the negative impact on the stock is likely limited. Investors should watch for timely appointment of a new CFO to ensure continuity in financial reporting and controls.