Re-appointment of Directors as per the attached letter.
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Wires & Fabriks SA Ltd held a Board Meeting on 28 May 2026 approving several key appointments. The company appointed Mr. Pramod Agarwal as Chief Financial Officer and Key Managerial Personnel effective immediately. The Board also re-appointed three Khaitan family members with elevated designations: Mr. Kishan Kumar Khaitan as Chairman for 5 years from April 2027, Dr. Mahendra Khaitan as Vice Chairman (changed from Managing Director), and Mr. Devesh Khaitan as Managing Director (changed from Joint Managing Director). Additionally, Mr. Bhagirath Modi was appointed to the Audit Committee. All director re-appointments are subject to shareholder approval at the ensuing AGM. The company also appointed RB Verma & Associates as internal auditors for FY 2026-27.
The succession planning within the Khaitan family is reinforced with elevated roles for Devesh Khaitan becoming Managing Director. The appointment of a new CFO brings fresh financial leadership. Overall, this represents continuity in governance with minor leadership restructuring.