Wires & fabriks (S.A.) Limited has announced its unaudited financial results for the quarter and nine months ended 31st December, 2025, revealing a significant decline in profitability despite stable revenue performance. The paper machine clothing manufacturer's results were approved by the Board of Directors in their meeting held on 10th February, 2026. Additionally, the company announced the reconstitution of various board committees effective from April 01, 2026.

Quarterly Performance Analysis

The company's third quarter performance showed mixed results with revenue stability but substantial profit decline:

The quarter-on-quarter comparison with Q2 FY26 shows marginal revenue growth from ₹2934.16 lacs to ₹2939.62 lacs, while net profit increased from ₹2.49 lacs to ₹7.69 lacs.

Nine-Month Performance Review

The nine-month period ended 31st December, 2025 demonstrated similar trends with revenue growth but significant profit erosion:

Cost Structure Analysis

The company's expense structure revealed several key changes impacting profitability. Cost of materials consumed decreased significantly to ₹523.00 lacs in Q3 FY26 from ₹905.55 lacs in Q3 FY25. However, changes in inventories increased to ₹270.62 lacs compared to ₹24.34 lacs in the previous year. Employee benefits expenses rose to ₹422.55 lacs from ₹412.64 lacs year-on-year, while finance costs increased substantially to ₹225.50 lacs from ₹148.82 lacs. Depreciation and amortisation expenses jumped to ₹353.22 lacs from ₹203.96 lacs.

Board Committee Reconstitution

The Board of Directors approved the reconstitution of various committees effective from April 01, 2026:

Financial Position and Compliance

The company maintained its paid-up equity share capital at ₹305.63 lacs with a face value of ₹10 per share. Other income declined to ₹3.30 lacs in Q3 FY26 from ₹3.73 lacs in the corresponding quarter of the previous year. Tax expenses for Q3 FY26 totaled ₹12.27 lacs, comprising current tax of ₹0.35 lacs and deferred tax of ₹11.92 lacs. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The limited review was conducted by Jain Shrimal & Co., Chartered Accountants, who provided an unqualified review report on the financial statements.

Wires & Fabriks (S.A.) Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mrs. Shailja Khaitan as Non-Executive Non-Independent Director. The voting results, declared on Wednesday, 28th January, 2026, demonstrate strong shareholder confidence in the proposed appointment.

Postal Ballot Results Overview

The postal ballot process was conducted through remote e-voting, concluding on Sunday, 25th January, 2026. The company's Board of Directors had proposed this appointment during their meeting held on Thursday, 13th November, 2025, seeking shareholder approval through the postal ballot mechanism.

Detailed Voting Analysis

The resolution received overwhelming support from shareholders across different categories. The voting pattern demonstrates strong confidence in the proposed appointment, with participation from both promoter and public shareholders.

Resolution Details

The ordinary resolution sought approval for appointing Mrs. Shailja Khaitan (DIN: 00820688) as Director (Non-Executive Non-Independent) of the company. This appointment does not involve any interest from the promoter or promoter group, as confirmed in the voting documentation.

Regulatory Compliance

The postal ballot was conducted in compliance with multiple regulatory frameworks:

• Section 110 read with Section 108 of the Companies Act, 2013
• Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
• Regulation 30 and 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Various MCA General Circulars from 2020 to 2025

National Securities Depository Limited (NSDL) provided the e-voting platform, ensuring secure and transparent voting process. The company published newspaper advertisements in Financial Express (English) and Sukhabar (Bengali) on Saturday, 27th December, 2025, announcing the completion of postal ballot notice dispatch.

Scrutinizer's Certification

Mrs. Twinkle Agarwal, Practicing Company Secretary (Membership No. ACS 52868), conducted the scrutiny process and submitted her report on Tuesday, 27th January, 2026. The scrutinizer confirmed that 68 members participated in the voting process, with 56 members voting in favor and 12 members voting against the resolution. The voting rights were proportionate to shareholders' paid-up equity share capital as of the cut-off date.