Nature of change: Appointment and designation of two Senior Management Personnel (SMP)
Mr. Anil S. Kulkarni:
Designated as Chief Business Officer – Ready-Mix Concrete (RMC) Division, specifically handling Ash & Coal BU
Effective date: August 22, 2026
Brief profile: Seasoned business leader with over 29 years of experience in the Ready-Mix Concrete, concrete and building materials industry. Expertise includes business operations, profit center management, strategic growth, market expansion and operational excellence. Qualifications: B.E./B.Tech. in Civil Engineering and MBA/PGDM in Marketing.
Relationship with other directors: Not Applicable (as per disclosure)
Mr. Prasad Jakkaraju:
Designated as Vice President / Head – ESG, covering ESG & EHS functions
Effective date: August 22, 2026
Brief profile: Strategic ESG and sustainability professional with over 22 years of experience in sustainability, environmental health and safety, ESG integration, regulatory compliance and risk management across manufacturing, chemical, agrochemical and consumer products sectors. Qualifications: B.Tech. in Chemical Engineering and relevant professional certifications in sustainability, energy management, GHG emissions and ISO management systems.
Relationship with other directors: Not Applicable (as per disclosure)
Approval process: Both appointments were approved by the Board of Directors through resolutions passed by circulation on August 22, 2026, based on the recommendation of the Nomination and Remuneration Committee of the Company.
Regulatory compliance: The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations were mentioned in this disclosure.
Strategic or Business Context
The appointments signal organizational focus on strengthening leadership in both operational (RMC division) and compliance/ sustainability (ESG) functions.
Mr. Kulkarni's appointment to the RMC Division with specific focus on Ash & Coal BU indicates strategic importance of this business unit.
Mr. Jakkaraju's role as Head – ESG reflects increased emphasis on environmental, social and governance compliance and sustainability initiatives.
Any Other Material Information
The disclosure was signed by Mr. Ankit Poddar, Company Secretary & Compliance Officer (ACS-25443).
The company's scrip code is 532884 on BSE and symbol is REFEX on NSE.
No committee composition changes, regulatory confirmations, shareholder approvals, litigation, or contingent liabilities were disclosed.
