Date: 18th June, 2026
KMP / Board / Auditor Changes
Appointment Details:
- Name: Mr. Sachin Raole (DIN: 00431438)
- Designation: Joint Managing Director & Chief Financial Officer
- Effective Date: 30th April, 2026
- Term: Five years (until 29th April, 2031)
- Retirement Status: Not liable to retire by rotation
Professional Profile:
- Qualifications: Cost Accountant and Chartered Accountant
- Experience: 31 years in varied fields of finance and accounts
- Expertise Areas: Divestment, mergers & acquisitions, financial restructuring, treasury, accounts, and taxation
- Industry Experience: Manufacturing, project, financial services, and pharmaceutical
- Additional Experience: Heading Human Resources, materials, IT, legal & secretarial functions
Relationship Disclosure:
- No relationship exists between Mr. Sachin Raole and other directors or key managerial personnel
Regulatory Compliance:
- Appointment approved by members through Postal Ballot
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- Complies with Para A of Part A of Schedule III of Listing Regulations
- References SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 (as amended)
Company Representative:
- Anant Narayan Bavare, Company Secretary & Compliance Officer (M. No. 21405)
Other Sections
Financial Results: Not Specified
Dividend Declaration: Not Specified
Board Meeting Outcomes: Not Specified
Auditor's Report: Not Specified
Disinvestment / Strategic Actions: Not Specified
Media Release / Investor Communication: Not Specified