Finolex Cables Compliance Officer Resigns Effective June 11

1 min read     Updated on 22 May 2026, 05:30 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Finolex Cables Limited disclosed the resignation of its Company Secretary and Compliance Officer, Mr. Siddhesh Mandke, effective June 11, 2026, due to personal reasons. The resignation, submitted on May 12, 2026, was accepted by CFO Mr. Mahesh Viswanathan on May 21, 2026. The company has furnished the required details to the exchanges under SEBI regulations.

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Finolex Cables Limited has informed the stock exchanges regarding the resignation of its Company Secretary and Compliance Officer, Mr. Siddhesh Mandke. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Mandke tendered his resignation from the position of Company Secretary & GM (Legal) and Compliance Officer for personal reasons. The resignation was submitted on May 12, 2026, and was subsequently accepted by the company's Chief Financial Officer, Mr. Mahesh Viswanathan, on May 21, 2026.

The cessation of duties is scheduled to take effect after the close of business hours on June 11, 2026. The company has confirmed that the necessary details regarding the change in Key Managerial Personnel have been furnished as required under the relevant SEBI circular dated July 13, 2023.

Details of Resignation

The following table outlines the key particulars regarding the change in the compliance officer:

Sr. No. Particulars Details
1. Name of the Compliance Officer Mr. Siddhesh Mandke
2. Reason for change Personal Reasons
3. Date of cessation After close of business hours on 11 June 2026
4. Brief Profile Not Applicable
5. Date of Resignation 12 May 2026 – (Accepted on 21/05/26)

The company has requested the exchanges to take the information on record. finolex cables continues to operate under the regulatory framework governing such transitions in Key Managerial Personnel.

Historical Stock Returns for Finolex Cables

1 Day5 Days1 Month6 Months1 Year5 Years
-1.14%-4.01%+8.15%+36.02%+8.88%+167.43%

Who will Finolex Cables appoint as the new Company Secretary and Compliance Officer, and what is the expected timeline for filling this critical KMP vacancy?

Could the departure of Mr. Mandke, who also held the role of GM (Legal), signal any broader organizational restructuring or leadership changes at Finolex Cables?

How might the interim period without a permanent Compliance Officer impact Finolex Cables' ability to meet upcoming regulatory filing deadlines and SEBI obligations?

Orbit Electricals Declares No Encumbrance on Finolex Industries Shares for FY26

1 min read     Updated on 06 May 2026, 05:53 AM
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Reviewed by
Naman SScanX News Team
AI Summary

Orbit Electricals Private Limited filed a declaration on 3rd April 2026 with NSE and BSE confirming no encumbrance — direct or indirect — was created on the equity shares of Finolex Industries Limited during the financial year ended 31st March, 2026, as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was signed by Authorised Signatory Meena D'Sa, with a copy marked to the Audit Committee of Finolex Industries Limited.

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Orbit Electricals Private Limited, a promoter entity, has filed a formal declaration with the stock exchanges confirming that no encumbrance was created on the equity shares of Finolex Industries Limited held by it during the financial year ended 31st March, 2026. The declaration, dated 3rd April 2026, was submitted to both the National Stock Exchange of India Limited and BSE Limited in compliance with applicable regulatory requirements.

Regulatory Compliance Under SEBI Takeover Regulations

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. Under this provision, promoters and persons acting in concert are required to confirm, at the close of each financial year, whether any encumbrance has been created on the equity shares of the listed company held by them.

The key details of the filing are summarised below:

Parameter: Details
Filing Entity: Orbit Electricals Private Limited
Declaration Type: No Encumbrance on Equity Shares
Regulation: Regulation 31(4), SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Financial Year: Ended 31st March, 2026
Date of Declaration: 3rd April 2026
Listed Company: Finolex Industries Limited
Exchanges Filed With: National Stock Exchange of India Limited, BSE Limited
Authorised Signatory: Meena D'Sa

Declaration Details

In the declaration, Orbit Electricals Private Limited, along with persons acting in concert, confirmed that no encumbrance — whether direct or indirect — was created on the equity shares of Finolex Industries Limited held by them during the financial year ended 31st March, 2026. The declaration was signed by Meena D'Sa, the Authorised Signatory of Orbit Electricals Private Limited, and a copy was also marked to the Audit Committee of Finolex Industries Limited.

Orbit Electricals Private Limited is registered at Plot No. 5, Building B/7, Harmony Complex, ICS Colony, Off. Ganeshkhind Road, Pune-411 007, India, with CIN U74999MH1971PTC015021.

Historical Stock Returns for Finolex Cables

1 Day5 Days1 Month6 Months1 Year5 Years
-1.14%-4.01%+8.15%+36.02%+8.88%+167.43%

Could Orbit Electricals Private Limited consider pledging its Finolex Industries shares as collateral for future financing, and what impact would such encumbrance have on investor sentiment?

How might changes in the promoter group's shareholding structure or potential stake sales in Finolex Industries affect the company's governance and strategic direction?

Are there any upcoming regulatory changes to SEBI's Takeover Regulations that could alter disclosure requirements or encumbrance reporting obligations for promoter entities?

More News on Finolex Cables

1 Year Returns:+8.88%