Wires and Fabriks has appointed Mr. Pramod Agarwal as its Chief Financial Officer and Key Managerial Personnel effective May 28, 2026. This decision was taken during a Board meeting held on the same day, where the company also approved the re-appointment of its Chairman and other key directors for a five-year term starting April 1, 2027. The appointments are subject to shareholder approval at the ensuing Annual General Meeting.

The Board approved the re-appointment of Mr. Kishan Kumar Khaitan as Chairman for five years from April 1, 2027, to March 31, 2032. Mr. Mahendra Khaitan was re-appointed as Vice Chairman, transitioning from his role as Managing Director, while Mr. Devesh Khaitan was elevated from Joint Managing Director to Managing Director. Their remuneration was approved for three years from April 1, 2027, to March 31, 2030.

In addition to leadership changes, the Board appointed M/s RB Verma & Associates, Chartered Accountants, as the Internal Auditors for the financial year 2026-27. Mr. Bhagirath Modi was inducted as a member of the Audit Committee effective May 28, 2026. The company affirmed that the re-appointed directors are not debarred from holding office by any SEBI order.

Mr. Agarwal brings over 27 years of experience in accounts, finance, and taxation. The meeting commenced at 1:45 P.M. and concluded at 3:40 P.M. Bishwajit Singh, Company Secretary & Compliance Officer, signed the regulatory filing submitted to BSE Limited.

Wires & Fabriks (SA) Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a decline in annual net profit alongside a dividend recommendation. The company recorded a revenue of ₹11544.97 lakh for FY26, up from ₹11024.58 lakh in the previous year, while net profit for the year stood at ₹26.43 lakh, compared to ₹150.33 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹15.04 lakh on revenue of ₹2876.41 lakh.

Financial Performance

The Board of Directors approved the standalone financial results in a meeting held on May 28, 2026. The statutory auditor provided an unmodified opinion on the results. Total income for the year increased to ₹11587.58 lakh from ₹11024.58 lakh in the prior year. However, profit before tax for the year dropped significantly to ₹52.70 lakh from ₹210.91 lakh in the previous year, primarily impacted by higher finance costs and depreciation expenses.

Dividend Recommendation

The Board has recommended a dividend of 1%, equivalent to ₹0.10 per share, on the fully paid-up equity shares of ₹10 each. This distribution is subject to the approval of shareholders at the forthcoming Annual General Meeting.

Key Financial Metrics

Regulatory Compliance

The financial results were submitted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dividend recommendation was made pursuant to Regulation 43 of the same regulations. The meeting was attended by the directors and concluded with the approval of the accounts and the dividend proposal.