Wires & Fabriks SA Ltd Announces Board Realignment and Remuneration Approvals at AGM

Wires & Fabriks SA Ltd Announces Board Realignment and Remuneration Approvals at AGM​

Wires & Fabriks SA Ltd., a leading manufacturer of technical textile synthetic forming fabrics, has announced key appointments and organizational changes following the Board meeting held on May 28, 2026. The company is preparing for its 69th Annual General Meeting (AGM) scheduled for July 29, 2026, to transact various business items including director reappointment and dividend declaration.

The board confirmed the reappointments of Mr. Kishan Kumar Khaitan as Chairman of the Company, Dr. Mahendra Khaitan with a change in designation, and Mr. Devesh Khaitan who transitioned from Joint Managing Director to Managing Director. These appointments cover periods extending up to March 31, 2032.

Corporate Governance and Personnel Updates​

The company's board structure saw several changes during the review period for FY 2025-26. The Board appointed Mr. Bhagirath Modi as an Additional Director on June 25, 2025. Simultaneously, Mrs. Pranika Khaitan Rawat resigned from her position as a Non Executive Non Independent Director effective November 13, 2025. In response to the board's needs, Mrs. Shailja Khaitan was approved and appointed as an Additional Director (Non Executive Non Independent) effective November 13, 2025.

The company’s operational performance in FY 2025-26 reflected a period of change. The management reported that products for the paper industry experienced temporary setbacks due to geopolitical conditions. However, operations related to wind mills remained satisfactory. The Board noted that the recent expansion and modernization project required significant investment, which impacted margins through increased depreciation and interest costs.

Financial Performance Snapshot (FY 2025-26)​

Financial results for the year ended March 31, 2026, showed a trend of upward turnover, though profitability faced pressure due to the completed modernization project. Total income rose to Rs 11,587.58 Lakhs from Rs 11,024.58 Lakhs in the previous fiscal year. Profit After Tax (PAT) for the company stood at Rs 26.43 Lakhs.

The company's financial stability and liquidity metrics showed positive movement:

• Current Ratio improved to 1.26 from 1.22 in FY 2024-25, indicating better utilization of resources.
• Inventory Turnover Ratio also saw an improvement, rising to 3.38 from 2.91.
• Net Debt to Equity ratio decreased to 2.08 in 2026 compared to 2.51 in 2025, reflecting better capital management.

The board proposed a dividend of Rs 0.10 per share for the financial year ended March 31, 2026, amounting to Rs 3.06 Lakhs.

Financial Statement Summary​

A review of the company's financial standing as of March 31, 2026, showed the following key figures (in Rs. Lakhs):


The financial statements were audited by M/s Jain Shrimal & Co., and the company received an unmodified opinion on its financial statements, including a report on internal financial controls.

The company is committed to continued technological advancement and R&D activities as part of its strategy to mitigate risks and ensure future growth in the technical textile sector.

Stock Price Movement​

At the close of trade on Thursday, Wires & Fabriks SA Ltd settled at ₹142.20, edging lower by 0.49%. The shares moved significantly through the day, tracing a range between a low of ₹135.80 and a high of ₹143.00.