Finolex Cables Limited, a leading player in the cables and wires industry, recently announced significant updates to its board of directors, reflecting its commitment to regulatory compliance and corporate governance. In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has appointed Mr. Pravin Ahire as a Whole-Time Director effective 14th October 2024, while three prominent directors, Ms. Lipi Todi, Mr. Anoop Krishna, and Mr. Sanjay Mathur, ceased to hold office as of 14th November 2024.

Key Appointments

Mr. Pravin Ahire, who has served the company for over 15 years, brings extensive expertise in production planning, process engineering, and lean manufacturing practices. His accomplishments include leading diverse teams, driving efficiency, and achieving significant cost reductions. This appointment reflects Finolex’s focus on leveraging internal talent for strategic roles.

Director Resignations

The company has bid farewell to three seasoned professionals:

• Ms. Lipi Todi, known for her independent and insightful contributions.
• Mr. Anoop Krishna, whose tenure reflected commitment to strategic governance.
• Mr. Sanjay Mathur, who played a pivotal role in shaping corporate policies.

These changes align with the regulatory requirements specified under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparent and structured leadership transitions.

Commitment to Governance

The announcements underscore Finolex Cables’ adherence to best practices in corporate governance, aligning leadership changes with strategic objectives and compliance mandates.

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