Wires and Fabriks (S.A.) Limited announced the appointment of Mr. Shivratan Julasaria as the new Chief Financial Officer (CFO) of the company, effective November 5, 2026. This appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee, and was approved by the Board of Directors. Mr. Julasaria brings extensive experience in finance, accounting, and taxation, having served the company for over 18 years and previously with a listed export company for over 16 years.
Key Leadership Change at Wires and Fabriks
Wires and Fabriks (S.A.) Limited has officially appointed Mr. Shivratan Julasaria as its new Chief Financial Officer (CFO), with the appointment taking effect immediately on November 5, 2026. This significant leadership change was formally approved by the Board of Directors during a meeting held on the same date.
Appointment Process and Rationale
The decision to appoint Mr. Julasaria was based on the strong recommendations received from both the Nomination and Remuneration Committee and the Audit Committee. This appointment is in accordance with Section 203 of the Companies Act, 2013, and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company highlighted that Mr. Julasaria’s extensive background makes him well-suited for the role.
Mr. Shivratan Julasaria’s Profile
Mr. Shivratan Julasaria is a Chartered Accountant with approximately 35 years of experience. His expertise spans finance, accounting, and taxation. He has a long-standing association with Wires and Fabriks, having served the company for over 18 years. Prior to this, he gained valuable experience over 16 years with a listed export company. His comprehensive knowledge and experience are expected to be instrumental in guiding the company’s financial strategy.
The meeting of the Board of Directors commenced at 1:30 PM and concluded at 3:40 PM on November 5, 2026.
Source: BSE
