Wires & Fabriks SA Ltd (507817)

Wires & Fabriks (S.A.) Limited has updated its authorized Key Managerial Personnel (KMP) for determining the materiality of events under SEBI Regulation 30(5). Effective August 14, 2026, the Joint Managing Director, Devesh Khaitan, and the Chief Financial Officer, Pramod Agarwal, are the designated officials for these disclosures. This is a standard procedural update required by SEBI and has no impact on the company's financial performance. The company remains a micro-cap entity with a market capitalization of Rs 42 Cr and a high debt-to-equity ratio of 2.06.

• 2 Key Managerial Personnel (KMP) authorized for determining materiality of events.
• Effective date for the new authorization is August 14, 2026.
• Designated KMPs include the Joint Managing Director and the Chief Financial Officer.
• Filing made in compliance with Regulation 30(5) of SEBI (LODR) Regulations, 2015.

Wires & Fabriks (S.A.) Limited has announced the resignation of Mr. Bishwajit Singh as Company Secretary and Compliance Officer, effective August 13, 2026. The Board accepted the resignation in a meeting held on August 11, 2026, citing personal reasons for the departure. Mr. Singh has confirmed there are no other material reasons for his exit. This is a routine administrative change for the micro-cap company, which currently has a market capitalization of Rs 42 Cr and a high debt-to-equity ratio of 2.06.

• Resignation of Mr. Bishwajit Singh effective from the close of business on August 13, 2026
• Board meeting to accept the resignation concluded at 3:30 PM on August 11, 2026
• Company reported a TTM revenue of Rs 115 Cr with a thin net profit of Rs 0.15 Cr in the most recent quarter
• Debt remains high at Rs 105 Cr against a net worth of Rs 51 Cr

Wires & Fabriks reported a marginal revenue growth of 5.8% YoY to Rs 29.58 Cr for the quarter ended June 30, 2026. Net profit improved to Rs 0.10 Cr from a near-break-even Rs 0.01 Cr in the same quarter last year. However, profitability remains severely constrained by high finance costs of Rs 2.66 Cr, which consume nearly all operating earnings. The company continues to struggle with a high debt-to-equity ratio of 2.06 and a very low ROCE of 6.0%.

• Revenue from operations increased 5.8% YoY to Rs 29.58 Cr from Rs 27.95 Cr.
• Net profit improved to Rs 0.10 Cr (Rs 10.31 Lakhs) compared to Rs 0.01 Cr (Rs 1.19 Lakhs) in June 2025.
• Finance costs remained a major burden at Rs 2.66 Cr, representing 9% of total revenue.
• Total expenses for the quarter stood at Rs 29.51 Cr against a total income of Rs 29.67 Cr.
• Earnings Per Share (EPS) for the quarter was Rs 0.34, up from Rs 0.04 YoY but down from Rs 0.49 in the preceding March quarter.

Wires & Fabriks reported a 5.4% YoY increase in total income to Rs 29.61 Cr for the quarter ended June 30, 2026. Net profit improved to Rs 0.11 Cr from a nominal Rs 0.01 Cr in the previous year's corresponding quarter, though it declined sequentially from Rs 0.15 Cr in March 2026. Profitability remains severely constrained by high finance costs of Rs 3.13 Cr, which represent over 10% of total revenue. With a debt of Rs 105 Cr against a market cap of only Rs 42 Cr, the company's high leverage (D/E 2.06) remains a primary concern.

• Total income rose 5.4% YoY to Rs 29.61 Cr from Rs 28.10 Cr in June 2025.
• Net profit increased to Rs 0.11 Cr compared to Rs 0.01 Cr in the year-ago period.
• Finance costs remained high at Rs 3.13 Cr, consuming approximately 67% of operating profit.
• Earnings Per Share (EPS) improved to Rs 0.34 from Rs 0.03 YoY.
• Total expenses for the quarter stood at Rs 29.46 Cr.

Wires & Fabriks (S.A.) Ltd has scheduled a board meeting for August 11, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of Rs 37 Cr and a high debt-to-equity ratio of 2.06. Despite a TTM revenue of Rs 115 Cr, the company has struggled with profitability, reporting a TTM PAT of approximately Rs 0 Cr. Investors will be watching for any improvement in net margins, which have been thin in recent quarters (Rs 0.15 Cr in March 2026).

• Board meeting scheduled for August 11, 2026, to consider Q1 FY27 results
• Company reported TTM revenue of Rs 115 Cr against a small market cap of Rs 37 Cr
• Debt levels remain high at Rs 105 Cr, resulting in a Debt/Equity ratio of 2.06
• Net profit for the preceding quarter (March 2026) stood at only Rs 0.15 Cr

Wires & Fabriks (S.A.) Ltd has received shareholder approval at its 69th AGM for the re-appointment and designation changes of its top leadership, effective from April 1, 2027. Mr. Kishan Kumar Khaitan continues as Chairman, while Dr. Mahendra Khaitan moves from MD to Vice Chairman. Mr. Devesh Khaitan, previously Joint MD, has been elevated to Managing Director for a 5-year term. These appointments ensure leadership continuity for the micro-cap company, which currently operates with a high debt-to-equity ratio of 2.06 and TTM revenue of Rs 115 Cr.

• Re-appointment of three key promoter-directors for a 5-year term from April 1, 2027, to March 31, 2032.
• Elevation of Mr. Devesh Khaitan from Joint Managing Director to Managing Director.
• Dr. Mahendra Khaitan transitions from Managing Director to Vice Chairman.
• Remuneration for all three directors approved for a 3-year period starting April 2027.
• Company maintains a high promoter holding of 74.81% as of June 2026.

Wires & Fabriks (S.A.) Limited concluded its 69th Annual General Meeting on July 29, 2026, where shareholders approved a dividend of Rs 0.10 per equity share. A significant leadership transition was formalized, with Mr. Devesh Khaitan elevated to Managing Director and Dr. Mahendra Khaitan moving to the role of Vice Chairman. Despite a steady TTM revenue of Rs 115 Cr, the company faces financial pressure with a high debt of Rs 105 Cr and negligible net profit, making this leadership shift critical for future strategy.

• Approved a dividend of Rs 0.10 per equity share for the financial year.
• Mr. Devesh Khaitan promoted from Joint Managing Director to Managing Director.
• Dr. Mahendra Khaitan transitioned from Managing Director to Vice Chairman.
• Company reported TTM revenue of Rs 115 Cr against a high debt of Rs 105 Cr (D/E 2.06).
• The 69th AGM was conducted via Video Conferencing and concluded within 56 minutes.