Wires & Fabriks SA Ltd Approves Key Director Reappointments at AGM
At its 69th Annual General Meeting held on January 29, 2026, members of Wires & Fabriks SA Ltd approved the re-appointment and designation changes for three key leaders: Mr. Kishan Kumar Khaitan, Dr. Mahendra Khaitan, and Mr. Devesh Khaitan.The decisions uphold a strategic focus on leadership continuity within the company’s management structure across its various industrial operations.
Director Reappointments and New Roles
Mr. Kishan Kumar Khaitan was re-appointed as Chairman of the Company for a period of five years, effective from April 01, 2027, through March 31, 2032. His remuneration for this capacity was also approved by members for a term of three years, running from April 01, 2027, to March 31, 2030.The management structure saw changes in the roles of two other senior executives:
- Dr. Mahendra Khaitan: Was re-appointed with his designation changed from Managing Director to Vice Chairman for a five-year term, commencing April 01, 2027, and concluding on March 31, 2032. His remuneration was also approved for a three-year period starting April 01, 2027.
- Mr. Devesh Khaitan: Was re-appointed with his designation upgraded from Joint Managing Director to Managing Director. This five-year term begins on April 01, 2027, and runs until March 31, 2032. His remuneration was approved for a three-year period starting April 01, 2027.
The details of the reappointed directors, including their roles and professional background, are summarized below:
| Director Name | New Role | Term Duration | Key Professional Insight |
|---|---|---|---|
| Mr. Kishan Kumar Khaitan | Chairman | 5 years (Apr 2027 - Mar 2032) | Associated since 1978; responsible for corporate strategy and growth plans in the Paper industry. |
| Dr. Mahendra Khaitan | Vice Chairman | 5 years (Apr 2027 - Mar 2032) | Associated since 1989; focuses on company policy direction and overall operations. |
| Mr. Devesh Khaitan | Managing Director | 5 years (Apr 2027 - Mar 2032) | Associated since 2009; oversees management directions and policy implementation. |
Leadership Profiles and Corporate Strategy
The reappointments underscore the established expertise across the company’s diversified portfolio, which includes Paper and Machine Clothing sectors.Mr. Kishan Kumar Khaitan is a B.Com graduate and a renowned industrialist with extensive experience in the industry. He has been associated with Wires & Fabriks SA Ltd since 1978, dedicating his leadership to setting the company's strategic direction and overseeing all operations. Mr. Khaitan shares a reporting relationship with Mr. Devesh Khaitan on the board.
Dr. Mahendra Khaitan holds a B.Com degree and a Doctor of Philosophy (Ph.D.). Having been associated with the company since 1989, Dr. Khaitan is described as a renowned industrialist who oversees policies and day-to-day activities. His reporting relationship on the board includes Mrs. Shailja Khaitan.
Mr. Devesh Khaitan holds an M.Sc in financial management and also possesses a diploma in family business. Associated since 2009, he is responsible for policy implementation and setting managerial directions while overseeing all operations. He has a reporting relationship with Mr. Kishan Kumar Khaitan on the board.
Stock Price Movement
As of 13:19, Wires & Fabriks SA Ltd is edging higher, trading at ₹120.00 and gaining 0.93%. The shares have tested a noticeable range today, moving between an intraday low of ₹120.00 and a high of ₹124.60.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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