Wheel & Axle Textiles Ltd. announced that its board meeting held on November 4, 2015, has approved the appointment of Mr. Shailesh Damor as chief financial officer of the company. The company also appointed Mr. Murlibhai Salwani, Mr. Vsudev Salwani and Harishbhai Salwani as managing directors. Harishbhai Salwani was appointed as chairman of the company.

He shall also be compliance officer.