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 hours ....
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Mr. Rajesh Patni has resigned as Chief Financial Officer (CFO) and Key Managerial Personnel of Wires & Fabriks SA Ltd, effective from the close of business hours on 20th May 2025. The reason cited is advanced age and health issues, and Mr. Patni has confirmed there are no other material reasons behind his resignation. The disclosure was made to BSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. As of the date of the announcement, the company has not indicated who will replace him as CFO.
This is a leadership change at the finance function level. While the resignation is for personal health reasons and not due to any governance or financial concerns, investors typically watch for the speed and quality of a CFO replacement. Until a new CFO is appointed, there may be a brief period of uncertainty around financial reporting continuity.