Finolex Cables Limited has approved the re-appointment of three independent directors and its Whole-time Director for a second term of five consecutive years. The Board of Directors, meeting on August 11, 2026, accepted the recommendations of the Nomination and Remuneration Committee to retain Mrs. Vanessa Singh, Mr. Zubin Billimoria, and Mr. Sriraman Raghuraman as Independent Directors, alongside Mr. Ratnakar Barve as Whole-time Director. These appointments ensure continuity in leadership and governance for the cable manufacturer, with all terms effective from September 30, 2026, to September 29, 2031, pending final approval by shareholders.

The decision was formalized during the Board meeting held on August 11, 2026, which commenced at 11:37 am and concluded at 2:11 pm. The company disclosed these developments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Additionally, Mr. Sriraman Raghuraman’s re-appointment is in compliance with Regulation 17(1A) of the LODR Regulations, 2015. All directors confirmed they are not related to any existing directors of the company and are not debarred from holding office by SEBI or any other authority.

Director Profiles and Tenures

The re-appointed directors bring diverse expertise in law, finance, corporate governance, and manufacturing operations. Their tenures are structured as follows:

Mrs. Vanessa Singh, aged 38, holds a Bachelor’s Degree in Law and a Diploma in Human Rights and Law. She is a trained mediator under the Mediation and Conciliation Project Committee (MCPC) Supreme Court of India and practices family law in Mumbai. Her background includes over a decade of experience in civil, criminal litigation, and arbitration matters in Delhi and Mumbai.

Mr. Zubin Billimoria, aged 61, is a Fellow Chartered Accountant and an Associate Member of the Institute of Company Secretaries of India. Previously associated with Deloitte Haskins & Sells, he currently serves as a Director in People Home Finance Limited and The Zoroastrian Co-operative Bank Limited. His expertise spans accounts, taxation, governance, risk assessment, and finance.

Mr. Sriraman Raghuraman, aged 73, holds a Bachelor’s Degree in Science and Law, along with Fellow Memberships in the Institute of Company Secretaries of India and the Institute of Cost & Works Accountants of India. He also possesses a Post Graduate Diploma in Management from the All India Institute of Management. With approximately 41 years of professional experience, he currently acts as a consultant for group company matters at Deepak Fertilizers and Petrochemicals Corporation Limited.

Mr. Ratnakar Barve, aged 60, holds a Bachelor’s degree in Electronics & Telecommunication Engineering and an MBA in Operations Management. He brings 38 years of experience in the manufacturing industry, having previously worked with Goa Telecommunications & Systems Limited and Bharati Teletech Limited. He joined Finolex in 2009 and has extensive experience in production, projects, and R&D departments.

Governance Implications

The re-appointment of these directors underscores Finolex Cables' commitment to maintaining robust corporate governance structures. The inclusion of experts in legal mediation, financial auditing, and industrial operations ensures that the Board retains a balanced mix of skills necessary for strategic oversight. Shareholders will vote on these appointments at the upcoming general meeting, after which the new terms will officially commence.

Finolex Cables Limited reported a standalone net profit after tax (PAT) of ₹221.28 crore for the quarter ended June 30, 2026, marking a 59% year-on-year increase from ₹138.82 crore in Q1FY26. Consolidated PAT rose 53% to ₹249.04 crore, supported by a 44% jump in revenue from operations to ₹2,013.15 crore. The robust performance was primarily driven by strong demand in the electrical cables segment, which saw a 7% volume increase, particularly in agricultural, industrial, and solar applications. This growth trajectory underscores the company's resilience and operational efficiency despite external supply chain challenges.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Deloitte Haskins & Sells LLP. Additionally, the Board appointed Mr. Nirnoy Sur as Company Secretary, Compliance Officer, and General Manager - Legal, effective August 11, 2026, pursuant to Regulation 6 of the SEBI Listing Regulations.

Key Financial Highlights

The following table summarizes the key financial metrics for the quarter:

Segment Performance and Operational Drivers

Revenue growth was anchored by the electrical cables segment, which contributed ₹1,767.45 crore to total revenue, up from ₹1,205.71 crore in the corresponding quarter of FY26. The communication cables segment also performed strongly, with optic fiber cable volumes significantly higher than the previous year, leading to improved margins. This segment contributed ₹176.47 crore to revenue.

However, the copper rods segment faced operational challenges due to limited availability of fuel (LPG/PNG) stemming from geopolitical tensions in the Middle East. Consequently, the copper rod plant was not operated during the quarter, resulting in minimal revenue contribution of ₹8.01 crore compared to ₹403.42 crore in Q1FY26. Management noted that selling prices were increased in May to offset elevated copper prices.

Governance and Corporate Actions

Beyond financial results, the Board approved several key governance changes subject to shareholder approval. The re-appointment of four directors was recommended by the Nomination & Remuneration Committee:

• Mrs. Vanessa Singh as an Independent Director for a second term of five years.
• Mr. Zubin Billimoria as an Independent Director for a second term of five years.
• Mr. Sriraman Raghuraman as an Independent Director for a second term of five years, in terms of Regulation 17(1A) of the SEBI Listing Regulations.
• Mr. Ratnakar Barve as Whole-time Director for a second term of five years.

All re-appointments are effective from September 30, 2026, to September 29, 2031. None of the directors are related to other board members or debarred by SEBI.

What the Numbers Show

The sharp expansion in EBITDA margin to 12.30% from 7.52% YoY highlights significant improvement in operating leverage driven by the electrical and communication cable segments. The divergence between these high-growth segments and the copper rods business underscores the impact of external supply chain disruptions on Finolex's diversified portfolio. While the core cable business delivered double-digit volume and value growth, the complete shutdown of the copper rod plant underscores vulnerability to fuel supply shocks. Overall profitability remained resilient, with consolidated profit before tax rising 55% YoY, indicating that margin expansion in high-demand cable categories more than compensated for the loss of revenue from the copper rods division. The company's expansion plans for its Fiber Draw Facility remain on track, with full capacity expected by Q3FY27.