Resignation of Mrs Pranika Khaitan Rawat (DIN: 07062242) from the position of Non Executive Non Independent Director of the Company.
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Awaiting price reaction for this filing.
At a board meeting on November 13, 2025, Wires & Fabriks SA Ltd accepted the resignation of Mrs. Pranika Khaitan Rawat as Non-Executive Non-Independent Director, effective the close of business on the same day. She cited pre-occupation and other professional commitments, and confirmed there are no other material reasons for her exit. In her place, the board appointed Mrs. Shailja Khaitan (DIN: 00820688), aged 62, as Additional Director (Non-Executive Non-Independent), subject to shareholder approval. Mrs. Shailja Khaitan, who has 25+ years of experience in the textile sector, is the spouse of the company's Managing Director, Shri Mahendra Khaitan, and holds 100 equity shares as part of the Promoter Group. The Nomination and Remuneration Committee was also reconstituted, with Mrs. Shailja Khaitan joining as a member.
This is effectively a board reshuffle within the promoter family circle — a director has stepped down and been replaced by another family member closely linked to the Managing Director. Retail investors should watch the shareholder approval process for the new appointee. For the stock, the change is largely administrative and unlikely to move the price materially on its own.