Wires & Fabriks (S.A.) Limited , a key player in the textile and paper manufacturing industry, announced significant board changes and released its financial results for the second quarter of fiscal year 2026 on November 13, 2025.

Board Changes

The company's board of directors approved the appointment of Mrs. Shailja Khaitan as an Additional Director (Non-Executive Non-Independent), effective November 13, 2025. Mrs. Khaitan, 62, brings over 25 years of experience in the textile sector to the board. She is the spouse of Mr. Mahendra Khaitan, the company's Managing Director, and holds 100 equity shares in the promoter group category.

Simultaneously, Mrs. Pranika Khaitan Rawat resigned from her position as Non-Executive Non-Independent Director, citing pre-occupation and other professional commitments.

The board also reconstituted its Nomination and Remuneration Committee. The new composition is as follows:

Financial Performance

For the quarter ended September 30, 2025, Wires & Fabriks reported the following financial highlights:

The company's revenue from operations saw a modest increase of 5.57% year-over-year. However, the net profit for the quarter decreased significantly by 94.21% compared to the same period last year.

For the half-year ended September 30, 2025, the company reported:

• Total income of Rs. 5,760.25 lacs, up from Rs. 5,433.84 lacs in H1 FY25
• Profit before tax of Rs. 22.40 lacs, down from Rs. 78.00 lacs in H1 FY25
• Net profit of Rs. 3.70 lacs, compared to Rs. 50.47 lacs in H1 FY25

The company's balance sheet as of September 30, 2025, showed total assets of Rs. 20,451.12 lacs, with non-current assets at Rs. 12,312.93 lacs and current assets at Rs. 8,138.19 lacs.

While Wires & Fabriks has maintained revenue growth, the significant decrease in profitability may be a concern. The company's financial performance and the impact of recent board changes will likely be areas of focus in upcoming quarters.

Wires & Fabriks (S.A.) Limited, a key player in the textile and paper manufacturing industry, has announced its financial results for the second quarter and half-year ended September 30, 2025, alongside significant changes to its board composition.

Financial Performance

The company reported a mixed financial performance for Q2 FY2026:

While the company saw a year-on-year increase in revenue, profitability declined significantly. The revenue from operations for Q2 FY2026 stood at Rs. 2,934.16 lakhs, up from Rs. 2,779.26 lakhs in the same quarter last year. However, net profit for the quarter decreased to Rs. 2.49 lakhs from Rs. 42.98 lakhs in Q2 FY2025.

For the half-year, total income increased to Rs. 5,760.25 lakhs from Rs. 5,433.84 lakhs in H1 FY2025. Despite this growth, the company's net profit for H1 FY2026 declined to Rs. 3.70 lakhs compared to Rs. 50.47 lakhs in the previous year.

Balance Sheet Highlights

As of September 30, 2025, the company's total assets stood at Rs. 20,451.12 lakhs, a slight decrease from Rs. 20,804.12 lakhs as of March 31, 2025. Notably, cash and cash equivalents improved to Rs. 243.12 lakhs from Rs. 28.88 lakhs at the end of the previous fiscal year.

Board Changes and Corporate Governance

In a significant development, the company's board of directors approved the appointment of Mrs. Shailja Khaitan as an Additional Director (Non-Executive Non-Independent) effective November 13, 2025. Mrs. Khaitan, 62, brings over 25 years of experience in the textile sector to the board.

Simultaneously, Mrs. Pranika Khaitan Rawat resigned from her position as Non-Executive Non-Independent Director, citing pre-occupation and other professional commitments.

The Nomination and Remuneration Committee was also reconstituted following these changes, with Dr. Sudhir Bhandhari appointed as Chairman, and Mr. Rishi Bajoria and Mrs. Shailja Khaitan serving as members.

Outlook

Wires & Fabriks has shown revenue growth, but the decline in profitability may be a point of focus for investors. The company's improved cash position could provide flexibility in managing operations. The recent board changes and restructuring of key committees might bring new perspectives to the company's strategies.