Wires and Fabriks CFO Hansmukh Patel Resigns Due to Personal Commitments
Wires and Fabriks (S.A.) Limited has announced the resignation of Chief Financial Officer Mr. Hansmukh Patel, effective May 25, 2026, due to personal commitments. The company has complied with SEBI disclosure requirements, notifying BSE Limited on April 13, 2026. This marks a significant change in the key managerial personnel of the ISO 9001-2015 certified paper machine clothing manufacturer.
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Wires & Fabriks (S.A.) Limited has announced the resignation of its Chief Financial Officer, Mr. Hansmukh Patel, marking a significant change in the company's key managerial personnel. The resignation, communicated to BSE Limited on April 13, 2026, will take effect from the close of business hours on May 25, 2026.
Resignation Details
Mr. Hansmukh Patel, who served as both Chief Financial Officer and Key Managerial Personnel of the company, has cited pre-occupation and other personal commitments as the reason for his departure. The company has formally notified the stock exchange in compliance with regulatory requirements.
| Parameter: | Details |
|---|---|
| Name: | Mr. Hansmukh Patel |
| Position: | Chief Financial Officer & Key Managerial Personnel |
| Reason for Resignation: | Pre-occupation and other personal commitments |
| Effective Date: | Close of business hours on May 25, 2026 |
| Notification Date: | April 13, 2026 |
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was made pursuant to Para A of Part A of Schedule III of the SEBI Listing Regulations, ensuring transparency in corporate governance matters.
Wires and Fabriks has indicated that the formal resignation letter from the Chief Financial Officer will be submitted within the timeline specified in sub-para 7C of Para A of Schedule III of the regulations. The company secretary and compliance officer, Bishwajit Singh, signed the disclosure document digitally on April 13, 2026.
Company Information
Wires and Fabriks (S.A.) Limited operates as an ISO 9001-2015 certified company specializing in paper machine clothing. The company is headquartered at 7, Chittaranjan Avenue, Kolkata, with manufacturing facilities located in the Industrial Area, Jhotwara, Jaipur. The resignation represents a key leadership transition for the Kolkata-based manufacturing company.
Historical Stock Returns for Wires & Fabriks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +1.56% | +10.10% | -33.04% | -9.15% | +166.81% |
How will the CFO transition impact Wires & Fabriks' upcoming financial reporting and quarterly earnings announcements?
What criteria will the company prioritize when selecting Mr. Patel's replacement, and how long might the search process take?
Could this leadership change signal broader strategic shifts or restructuring plans within the paper machine clothing manufacturer?
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