Reason for Change: Designation of Mr. Malvinder Singh Bhatia, Business Head – Formwork Division, as "Senior Management Personnel" (SMP) of the Company.
Approval Authority: The Board of Directors of the Company.
Recommendation: Based on the recommendation of the Nomination and Remuneration Committee (NRC).
Approval Method: Resolution passed by Circulation.
Date of Approval: 22.09.2026.
Effective Date: The designation is effective immediately, from 22.09.2026.
Term: Full-time employment, as per the policy of the Company.
Profile of the Designated Personnel: Mr. Malvinder Singh Bhatia
Previous Role: He was already serving as the Business Head – Formwork Division of the Company prior to this designation.
Experience: Brings over 17 years of experience in regional sales management, business development, key account management, and solution selling.
Sector Expertise: His experience spans the construction, formwork, infrastructure, power, industrial, and government sectors.
Key Skills: Driving regional growth, developing strategic customer relationships, problem-solving, and leading high-performing teams. His expertise covers the complete sales cycle from opportunity identification to execution and customer engagement at the CXO level.
Previous Employers: Has worked with leading organizations including KNest, PERI, Alsina, Hilti, and Schneider Electric.
Education: Holds a B.Tech. degree in Electrical Engineering from Thapar University.
Certifications & Training: Certified in "Solution Selling Skills" from Hilti (2013–2014). Has undergone training in GSA, BYD, and CRM tools. Completed Basic System Formwork Training at PERI Headquarters, Germany, for two weeks. Received training in "Managing P&L" from IIM Ahmedabad Faculty in 2012.
Regulatory and Compliance Information
SEBI Regulation Reference: This disclosure is made under Regulation 30 of the SEBI LODR Regulations.
