Plaza Wires Limited Announces Unaudited Financial Results and Key Director Re-appointments
Plaza Wires Limited disclosed its un-audited financial results for the quarter ended June 30, 2026. The company also confirmed the re-appointment of several directors during its Board meeting held on August 13, 2026, which included key personnel in management and independent oversight roles.The financial results were reviewed by the Audit Committee and approved by the Board of Directors. These results have been subjected to a limited review by the statutory auditor.
Quarterly Financial Performance Summary
For the quarter ending June 30, 2026, Plaza Wires Limited reported key figures in its unaudited statement. The company's operating income amounted to 655.41 million. Total expenses for the period were recorded at 640.35 million, resulting in a profit before tax of 15.06 million.A summary of the key financial data points from the quarter ending June 30, 2026 (amounts are in millions):
| Financial Metric | Value |
|---|---|
| Total Income (1+2) | 655.41 |
| Total Expenses | 640.35 |
| Profit before tax | 15.06 |
Board Approves Major Director Re-appointments
The Board of Directors utilized the meeting to approve the re-appointment of several key personnel for various roles, including the Chairman and Managing Director, as well as multiple members of the board over the next five years. All these appointments are subject to shareholder approval at the ensuing Annual General Meeting.Key Executive Appointments:
| Name | Role | Term Duration | Effective Date |
|---|---|---|---|
| Mr. Sanjay Gupta | Chairman and Managing Director | 5 Years | March 10, 2027 |
| Mrs. Sonia Gupta | Whole Time Director | 5 Years | March 10, 2027 |
| Mr. Abhishek Gupta | Whole Time Director | 5 Years | March 10, 2027 |
| Mr. Aditya Gupta | Whole Time Director | 5 Years | March 10, 2027 |
Non-Executive and Independent Directors:
The Board also approved the re-appointment of several directors to fulfill governance requirements:
- Mr. Ish Sadana: Re-appointed as Non-Executive Independent Director for a second term of five years, commencing March 11, 2027.
- Ms. Swati Jain: Re-appointed as Non-Executive Independent Director for a second term of five years, commencing March 11, 2027.
- Ms. Monam Kapoor: Re-appointed as Non-Executive Independent Director for a second term of five years, commencing March 11, 2027.
- Ms. Chetna Gupta: Re-appointed as Non-Executive Independent Director for a second term of five years, commencing March 11, 2027.
The company confirmed that the appointments and reappointments were made based on recommendations from the Nomination and Remuneration Committee.
PLAZACABLE Stock Price Movement
Today, Plaza Wires Limited saw its shares rally higher by 4.99%, settling at ₹53.70 in post-market trading. The stock spent the day within a range of ₹51.15 to ₹53.70 amid active interest from 163,020 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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