Finolex Cables Limited has officially confirmed the cessation of Mrs. Gayatri Kulkarni from her role as Assistant Company Secretary and Compliance Officer. The company informed stock exchanges about the completion of her resignation process on December 12, 2025.

Official Cessation Details

The company's latest communication to BSE and NSE provides specific details about Mrs. Kulkarni's departure:

Key Roles and Responsibilities Affected

Mrs. Kulkarni's departure impacts several critical functions within the organization:

1. Compliance Officer: Ensuring adherence to regulatory requirements and corporate governance standards
2. Assistant Company Secretary: Supporting secretarial and administrative functions
3. POSH Act Responsibilities: Serving as Presiding Officer of Internal Committee under Sexual Harassment of Women at Workplace Act, 2013
4. Nodal Officer: Managing SheBox Portal under POSH Act

Regulatory Compliance and Documentation

Finolex Cables has maintained full regulatory compliance throughout this transition:

The company's disclosure follows Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition Management

With Mrs. Kulkarni's official departure, Finolex Cables now needs to address the continuity of compliance functions. The company has fulfilled its obligation to inform stakeholders about this key managerial personnel change, ensuring transparency in corporate governance.

The resignation letter, dated November 13, 2025, cited the decision to "pursue new opportunities for personal and professional growth," with Mrs. Kulkarni assuring full cooperation during the transition period for smooth handover of responsibilities.

Finolex Cables Limited , a leading manufacturer of electrical and telecommunication cables, has announced its financial results for the second quarter of fiscal year 2026, showcasing strong performance across key metrics.

Financial Highlights

• Revenue Growth: The company achieved a revenue of Rs. 1,376.00 crore in Q2FY26, marking a 5% year-on-year increase.
• EBITDA Expansion: EBITDA margins expanded by 26% year-on-year and 37% quarter-on-quarter.
• Profit Surge: Profit After Tax (PAT) surged by 28% to Rs. 187.00 crore compared to the same period last year.

Performance Breakdown

Finolex Cables' robust performance can be attributed to improved margins across its diversified cable and electrical products portfolio. The company's strategic focus on operational efficiency and product diversification appears to be yielding positive results.

Working Capital Management

The company highlighted its working capital management in its investor presentation:

Finolex Cables maintains its position as an industry leader in working capital efficiency. However, there was a temporary increase in working capital days in the current quarter, which the company attributes to provisioning for the dividend payment approved during Q2. The cash outflow for this dividend is expected to occur in the subsequent quarter, after which working capital metrics are anticipated to normalize.

Product Portfolio and Market Position

Finolex Cables continues to leverage its diverse product portfolio, which includes:

1. Electrical cables
2. Communication cables
3. Copper rods
4. PVC compounds
5. Electrical switches
6. LED lighting
7. Fans
8. Water heaters

The company reported satisfactory growth in Conduit Pipes and Switches, validating its market entry strategy and demonstrating its ability to effectively scale new product lines through existing distribution channels.

Future Outlook

While the company has shown strong performance in Q2FY26, it's important to note that some segments experienced challenges:

• The 3CF Cables segment saw a volume decline, primarily due to nationwide heavy and prolonged rainfall, which reduced agricultural demand. The company views this as a temporary, seasonal effect rather than a structural issue.
• The Communication Cables segment experienced muted volumes across all product lines during the quarter.
• The Fans segment saw lower demand, in line with typical post-monsoon seasonal patterns.

Finolex Cables' ability to navigate these challenges while still delivering strong overall results demonstrates the resilience of its diversified business model.