Finolex Cables Limited , a prominent player in the Indian cable manufacturing industry, has announced a change in its compliance leadership. Mrs. Gayatri Kulkarni, the Assistant Company Secretary and Compliance Officer, has tendered her resignation due to personal reasons.

Key Details of the Resignation

• Effective Date: The resignation will take effect after business hours on December 12, 2025.
• Reason: Mrs. Kulkarni cited personal reasons for her departure.
• Roles Affected: The resignation impacts the company's compliance function and key regulatory responsibilities.

Implications for Finolex Cables

The departure of Mrs. Kulkarni creates a vacancy in critical roles within the organization:

1. Compliance Function: As the Compliance Officer, Mrs. Kulkarni was responsible for ensuring the company's adherence to regulatory requirements and corporate governance standards.

2. POSH Act Responsibilities: The position also oversaw responsibilities related to the Prevention of Sexual Harassment (POSH) Act.

3. Regulatory Liaison: The role typically involves acting as a primary point of contact with regulatory bodies such as SEBI and stock exchanges.

Company's Response

Finolex Cables has informed the stock exchanges about this development, in line with regulatory requirements. The company's disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps for Finolex Cables

The company now faces the task of finding a suitable replacement to ensure continuity in its compliance and governance functions. Key considerations for Finolex Cables may include:

1. Timely Appointment: Identifying and onboarding a new Compliance Officer before Mrs. Kulkarni's departure.

2. Regulatory Compliance: Maintaining adherence to all regulatory requirements during this transition period.

3. Stakeholder Communication: Keeping shareholders, regulatory bodies, and other stakeholders informed about the succession plan for this role.

As Finolex Cables navigates this change in its compliance leadership, stakeholders will likely be observing how the company manages the transition and maintains its commitment to regulatory compliance and corporate governance.

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.