Finolex Cables Limited at its Annual General Meeting held on 29 September 2023 announced that Mr. Deepak Chhabria ceased to be Whole Time Director designated as "Executive Chairman" of the Company with effect from 16 October 2023. The company appointed Mr. Nikhil Naik- Non-Executive Director of the Company as Chairman of the Board with immediate effect and until conclusion of the next Annual General Meeting of the Company.